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Tuesday, 3 December 1935

Senator E B JOHNSTON (WESTERN AUSTRALIA) askedthe Minister representing the Treasurer, upon notice -

1.   In view of the criticism of the policy of transferring revenue to trust funds contained in the last annual report of the AuditorGeneral, and the attitude to Mr. Cerruty's views on the matter by economists (including Professor F. A. Bland, Professor of Public Administration in the Faculty of Economics, Sydney University), taxpayers' and other associations, the leading press, and the public of Australia, is it the intention of the Government to discontinue a practice which the Auditor General describes as " unnecessary and confusing" and "quite opposed to orthodox accounting, commercial practice, and commonsense " ?

2.   If not, why not?

Senator Sir GEORGEPEARCE.The Treasurer has supplied the following answers: -

1.   and 2. The attention of the honorable senator is invited to a statement made by the Acting Treasurer on the 20th March, 1934, and a further statement by the Treasurer on the loth November, 1935. In both these statements, copies of which will be found in Hansard, the criticisms of the Auditor General relating to the practice of transferring revenues to trust funds are dealt with. The Government does not propose to discontinue that practice.

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