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Tuesday, 24 November 1959

Mr WILSON (Sturt) .- The honorable member for Yarra (Mr. Cairns) either has not read the bill or does not understand it. The interest is taxed at the ordinary rate, and not at the rate of 2s. in the £1. This bill provides for a rebate of 2s. in the £1, which is the same as the rebate allowed on interest from all other government securities. I rose only to correct the honorable member for Yarra, and to prevent honorable members from being misled. [Quorum formed.]

Bill agreed to.

Bill reported without amendment; report adopted.

Bill - by leave - read a third time.

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