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Wednesday, 3 June 1942

Mr CHIFLEY (Macquarie) (Treasurer) (7:11 AM) . - I move -

That it is expedient that an appropriation of revenue be made for the purposes of a bill for an act to grant and apply out of the Consolidated Revenue Fund a sum for war pensions.

The purpose of this bill is to provide £10,000,000 out of the Consolidated Revenue Fund for the payment of war pensions. This is one of the recurring measures, periodically submitted to Parliament for the purpose of appropriating an amount from the Consolidated Revenue Fund for payment into a trust account to enable pensions to be paid therefrom at the rates already approved by Parliament. The balance of the appropriation now remaining is sufficient to meet pension payments only to the end of August next. Although Parliament is being asked to approve of £10,000,000, which is the usual amount appropriated, this sum will not be withdrawn from revenue immediately. Payments from revenue to the trust account are only made periodically as it becomes necessary to meet the payments to pensioners. The basis of payment of war pensions has already been established by Parliament, and this measure merely seeks the provision of funds for the purpose.

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