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Wednesday, 23 March 1927

Senator CRAWFORD (QueenslandHonorary Minister) . - I move -

That the billbe now read a second time.

The purpose of the bill is to enable loan works to be carried out during the first three months' of the next financial year, pending a full loan programme for 1927-28 being brought forward with the next budget. Honorable senators will realize that the transfer to Canberra will cause a certain amount of disorganization of departments, especially at the end of this financial year and in the early months of the next financial year. On this account it will not be possible to observe the usual procedure in connexion with the loan estimates for next year. The full programme of loan works for 1927-28 will accordingly be submitted when the budget is brought down next year. In the meantime, it will be necessary to carry on works and services in progress at 30th June next, and this bill contains provision for these works and services to be continued for three months. No new services arc included in the bill. The amounts are based on the appropriations contained in the Loan Act for 1926-27. The chief items included in the bill, as compared with the corresponding amounts appropriated by Parliament for the present financial year, are as follow : -


This comparison makes it clear that no new commitments are being entered into, and that the amounts for which approval is now sought are well within the appropriations made by Parliament for 1926-27. Immediately after Parliament resumes at Canberra, the full loan programme for 1927-28 will be submitted for the approval of the Senate.

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