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Thursday, 26 November 1914

Senator KEATING (Tasmania) . - It will be found that under paragraph c of this clause the trustee is required once in every four months, until the estate is finally wound up, to file in the Court a certain statement. The second amendment, of which I have given notice, on this clause is to permit the trustee to file such a statement once in every nine months. This Bill has been in print for some time and has been widely circulated. I personally have circulated a good many copies of the measure amongst persons in each of the States who have had a large acquaintance with the bankruptcy law. Mr. Hughes, in introducing it in another place in December of the year before last, did so at the close of the session in order that during the recess people acquainted with bankruptcy procedure should be given an opportunity to consider its provisions. The Bill was considered in the following June by a gathering, held in Sydney, of men well versed in bankruptcy law and its administration. I had an opportunity of conferring and consulting with them, and so far as the periods of time are concerned, I am submitting amendments which were suggested as the result of the experience of those persons. I have not' the slightest doubt that in making these suggestions they were animated solely by the desire to make our bankruptcy law as reasonable and efficient as possible. I move -

That in paragraph (c) the word "four" be left out with a view to insert in lieu thereof the word " nine."

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