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Wednesday, 13 November 1935

Senator A J McLACHLAN (SOUTH AUSTRALIA) (Postmaster-General) . - I move -

That after the word "for" (second occurring) the following words be inserted: -

(a)   providing for the establishment of a clearing office for the receipt, custody and payment, in such manner as is specified in the regulations, of moneys due by persons in Australia or its Territories to persons in Italy, in such -cases or classes of cases as are so specified;

(b)   requiring, in such cases or classes of cases as are specified in the regulations, persons in Australia or its Territories owing moneys to persons in Italy to pay those moneys to the account of a clearing office established in accordance with this Act;

(c)   providing for the prohibition or avoidance of contracts for the assignment of debts due by persons in Australia of its Territories to persons in Italy and

(d)   "

The object of the amendment is tolerably clear. There is no doubt that, when this legislation conies into force, many debts will be dueby persons in Australia to persons in Italy in respect of various business transactions, and it is only right that the debtors shouldbe required to discharge their obligations. It is proposed to establish, as was done during the Great War, a clearing house, to enable that to be done.

Amendment agreed to.

Clause, as amended, agreed to.

Title agreed to.

Bill reported with amendments ; report adopted.

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