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Tuesday, 13 December 1927

Senator HERBERT HAYS (Tasmania) . - Will the Honorary Minister (Senator McLachlan) state what the responsibility of the State Savings Bank of Victoria will be in regard to the liabilities already contracted by the War Service Homes Commission in Victoria?

Senator McLACHLAN(South Australia - Honorary Minister [3.35]. - The point raised by Senator Herbert Hays is covered by part II. of the agreement, which may be summarized in this way: The balance now in the hands of the State Savings Bank of Victoria, and which it has to pay over to the War Service Homes Commission when received, isto be ascertained on the certificate of the Auditor-General. This will be capitalized and charged against the bank, which is responsible for its repayment, just as it is responsible for. the repayment of moneys advanced for the purchase and construction of homes. In short, it is to be brought into the same account as the money to be advanced in the future.

Senator Herbert Hays - Who is responsible for the outstanding liabilities ?

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