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Wednesday, 2 November 1910

Senator FRASER (Victoria) - - There will be any number of cases of hardship and ruination under this Bill. In my speech upon the motion for its second reading, I showed that some land-owners will be deprived of the whole of their income. Some whose properties are mortgaged up to 65 and 70 per cent, of their value will have the whole of their income taken from them.

Senator McGregor - The honorable senator cited one case in which a property valued at only ^"78,000 was mortgaged to the extent of .£75.000.

Senator FRASER - I did. In my fifty years' experience of Australia, I have known of hundreds of cases in which landowners have been ruined. Under this Bill any number of helpless and innocent persons will meet with the same fate. The clause under consideration will merely expose their ruination to the public.

Senator McGregor - Shall we strike it out?

Senator FRASER - It would be just as well to do so. No proposal which emanates from the Opposition - no matter how sound it may be - receives any consideration from the Government. In these circumstances, I would suggest to my honorable friends upon this side of the Chamber that it would be just as well to allow the clause to pass in its present form, and to let the Bill go through with all its imperfections on its head.

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