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Wednesday, 7 July 1915

Senator GARDINER (New South Wales) (Vice-President of ' the Executive Council) T4.34].- I am not inclined to leave such an important matter as the formation of new companies in the hands of the Deputy Commissioners, because I think the creation of bogus companies will be one of the dangers to be faced by a Government responsible for the administration of this Act. Probably, on the face of it, some of these companies may appear sound; but on such an important matter as registration, I think the delay, even of coming from the farthermost ends of the Commonwealth, is not unreasonable, in view of the enormous responsibility resting on the Commissioner to see that the people are not in any way defrauded of their investments. It is, therefore, a matter of sufficient importance to leave entirely in the hands of the Commissioner.

Senator Turley - Would not the application come through the Deputy 1

Senator GARDINER - It would naturally come through the nearest office, but it would have to be finally determined by the Commissioner himself.

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