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Wednesday, 16 November 1927

The CHAIRMAN - I allowed the Minister to refer to the amendment which he had circulated in order that he might explain to Senator Thompson the extent to which the Government was meeting the object which he sought to achieve by the amendment that he had moved.

Senator NEEDHAM - Very well, Mr. Chairman, I shall leave it at that. The object of the latter portion of Senator Thompson's amendment is to excise certain provisions in the bill, and to make provision for the appointment of a superintendent to act under the direction of the board of directors. If that is carried there will still be the separation of the savings bank branch from the general business of the bank; but the amendment forecast by the Minister will obviate that objectionable course. I am glad that the Ministry has altered its viewpoint on this aspect of the proposal. It is obvious that the proposal placed originally before the board of directors was different altogether from that which is in the bill. I welcome the amendment indicated by the Minister, and repeat that ir, is the outcome of opposition in this chamber and in another place to the proposed separation of the savings bank branch from the general business of the ba nk.

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