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Thursday, 21 May 1936

Senator ABBOTT (New South Wales) . - This matter is purely one of administration, not of legislation. The honorable senator's complaint is well justified; but only if the Commissioner makes a guarantee by a third party, who may be a stranger, a sine qua non - an essential condition precedent to the issue of a certificate.

Senator A J McLACHLAN (SOUTH AUSTRALIA) - If transferable bonds are lodged with the Commissioner, he will accept them as sufficient guarantee.

Senator ABBOTT - Yes. If we have the assurance that the requiring of a guarantee is not a hard and fast practice, we cannot cure anything by legislative action.

Senator A J McLACHLAN (SOUTH AUSTRALIA) - I give that assurance.

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