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Thursday, 5 August 1926

Senator NEEDHAM (Western Australia) . - I have no objection to offer to the measure, seeing that it simply enables the Commonwealth to continue to borrow on behalf of the States. The State Loan Council has done good work, but I should like to know if the Minister is able tosay whether there is any possibility of New South Wales coming into the scheme.

Senator Pearce - There is no indication at present, but we are still hopeful.

Senator NEEDHAM - As the present arrangement seems satisfactory, I haveno objection to offer to the bill.

Question resolved in the affirmative.

Bill read a second time, and reported from committee without amendment.

Report adopted.

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