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Thursday, 8 December 1960


Mr HAROLD HOLT (HigginsTreasurer) . - I move -

That the amendment be agreed to.

I can assure honorable members that this will not involve any major constitutional issue. Rather curiously, it derives from an error in cable transmission which is now being corrected. I am assured that the need for this minor amendment to the text of one of the preambles to the loan agreement arose because through an undetectable and freak cable transmission last week-end the six words now to be added were not received in Canberra although they were relayed from Washington. The omission was not discovered until the bill had been passed by this House, and the necessary amendment was consequently made in another place. The words added merely make clearer that the 4,200,000 dollars referred to in the preamble is the sum of the predelivery payments to which the two preceding preambles make reference. They conform the words to the preamble as drafted by the Export-Import Bank.







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