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Friday, 4 March 1927


Senator DUNCAN (New South Wales) . - I agree with the bill so far as it goes, but it seems to me that its benefits might be extended. The intention is to remove certain disabilities under which friendly societies find themselves to-day. There are, however, other societies akin to friendly societies, to which the bill does not apply. I refer to trade unions, and if we could make provision to enable them to invest their surplus funds in Commonwealth inscribed stock it would be to their advantage. Some of the unions have large surplus funds, and we now have an opportunity to enable them to invest those funds wisely. I hope that an amendment along the lines I have indicated will be moved in committee, and will be accepted by the Government.

Question resolved in the affirmative.

Bill read a second time.

In committee:

Clause 1 agreed to.

Clause 2 (Inscription in name of friendly society).







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