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Wednesday, 14 December 1927

Senator HERBERT HAYS (Tasmania) . - I do not intend to be placed in a false position with respect to the amendment that I moved. The Minister has said that there is a vast difference between what I proposed and what has been accepted by the Government. After the bill had passed another place arid was sent along for our consideration the Government, acting on the advice of the directors of the Commonwealth Bank, brought forward an amendment, which was agreed to by this committee. I submitted a further amendment to the effect that the Government should consult with and accept the advice of the directors of the Commonwealth Bank before proceeding to separate the two branches.

Senator Sir George Pearce - More than their advice was involved.

Senator HERBERT HAYS - Will the Minister in charge of the bill (Senator McLachlan) say that the Government did not introduce the amendment at the request and on the advice of the directors of the bank?

Senator McLachlan - Quite so.

Senator HERBERT HAYS - The amendment to which the committee is now asked to agree provides that one of the salient features of the bill shall not become operative until this Parliament gives to the Government the power to deal with it. I refer to the division of the ordinary branch and the savings bank branch of the bank, and the separation of the management. If it is true that a big principle was involved in my amendment, I contend that there is a bigger one in the amendment we are now asked to accept.

Question resolved in the affirmative.

Resolution reported; report adopted.

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