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Friday, 9 March 1928


Senator NEEDHAM (WESTERN AUSTRALIA) - I ask the Leader of the Senate if he has yet been furnished with replies to questions which I asked some time ago, as to the salaries, fees and expenses paid to the directors of the Commonwealth Bank for the year 1926-27 ?


Senator Sir GEORGE PEARCE - On the 9th December, 1927, Senator Needham asked the following question : -

What was the total amount paid to the directors of the Commonwealth Bank by way of salary, fees, travelling expenses, &c, for the year 1920-27?

The honorable senator was then informed that the information was not available in the Treasury, but that his question' would be brought under the notice of the Bank. In accordance with this promise, the question was brought under the notice of the Bank, which advises as follows: -

The fees paid to the members of the board are prescribed by Act of Parliament, and such fees and no others are paid by the Rank. On the question of travelling expenses, a scale has been fixed on a basis which, in the opinion of the Bank, is reasonable to cover the actual cost to directors, and as this is a matter of internal administration of a purely domestic character, the information cannot be made available.







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