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Friday, 6 August 1926

Senator PEARCE (Western Australia) (Vice-President of the Executive Council) .- I move-

That the bill be now read a second time.

This measure does not deal with the rates of pensions or the conditions under which pensions are granted, but provides the money for the payment of pensions which have been, or will be, granted in accordance with the provisions of the Invalid and Old-age Pensions Act. Up to the present Parliament has voted £71,250,000 for the payment of invalid and old-age pensions. The actual expenditure to the 30th June last waa £69,236,952. The balance of the appropriation which remained unexpended at the close of the financial year was therefore £2,013,048. It is "estimated that during the current financial year £9,000,000 will be required for the payment of invalid and old-age pensions. As the amount available, £2,013,048, will be barely sufficient to cover payments during the first three months, Parliament is asked to appropriate a further amount of £10,000,000. I trust that the Senate will pass the second reading without delay.

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