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Wednesday, 16 November 1927

Senator HERBERT HAYS (Tasmania) . - I find myself in agreement with a great deal that has been said by Senator Duncan. If, after further consultation with the Board of Directors of the Commonwealth Bank, the Government considers it necessary to make such" a fundamental alteratiton in the bill as is now proposed, it should agree to add to proposed section 35f. which authorizes the Governor-General to appoint a commission, the further provision that such an appointment shall be made only on the advice and with the concurrence of the Board of Management of the Commonwealth Bank. It must be admitted that the amendment, if agreed to, will entirely alter many of the main principles of the measure. Unless my suggestion is accepted, the appointment of the commission can be effected as an executive act without consulting either Parliament or the management of the bank.

Senator Foll - The honorable senator's proposal would give the board greater power than the executive.

Senator HERBERT HAYS - Honorable senators are being asked to reverse a decision that they gave only a few days ago. If the decision of the Government has been come to on the advice of the Board of Directors of the Commonwealth Bank, it is reasonable to ask that those directors shall be consulted before an alteration is made.

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