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Thursday, 21 May 1936


Senator Sir GEORGE PEARCE (Western Australia) (Minister for External Affairs) [5.4]. - The circulated amendments, which arise out of correspondence between theCommonwealth and the States, do not affect the principle embodied in the bill, and are being made to clarify the clause.

Clause (on motion by Senator Sir George Pearce) amended to read -

6.   Any moneys paid in any financial year to a State under this act (in this section referred toas "the moneys") shall be paid upon the following conditions: -

(a)   The moneys shall, subject to this section, be paid by the Treasurer of the State to authorities or bodies controlling public works for the purpose of the payment of interest and sinking fund charges on approved loans for public works commenced, with the approval of the Government of the State, on or after the first day of July, One thousand nine hundred and thirtyfive.

(b)   The Government of a State makes or has made a contribution -

(i)   towards the annual interest and sinking fund charges on any loan in respect of which moneys for the payment of interest and sink- ing fund charges are paid under the last preceding paragraph :

(c)   A payment made in any financial year under paragraph (a) of this section in respect of the interest and sinking fund charges on any loan shall not exceed -

(ii)   where the Government of a State has made on or after the first day of July, One thousand nine hundred and thirty-five, a contribution under subparagraph (ii) of the last preceding paragraph - the amount by which the interest and sinking fund charges, which would have been payable in that financial year on a loan representing the total capital cost of the public work, are reduced by the making of the contribution; or

(e)   In selecting loans for the purposes of payments under paragraph (a) of this section preference shall, as a general rule, be given, as far as practicable, to loans for works in districts outside metropolitan areas, and, as between works in different districts, to those affording the greatest opportunity for the employment of labour.

(f)   Where the Government of a State directly controls a public work of a kind which, in any other State, is controlled by an authority or body, the Government of that State may apply the whole or portion of the moneys towards payment of interest and sinking fund charges on loans for that public work, in the same manner and subject mutatis mutandis, to the same conditions as if the public work were controlled by an authority or body.

Clause, as amended, agreed to.

Preamble and title agreed to.

Bill reported with amendments.

Standing and Sessional Orders suspended; report adopted.

Bill read a third time.







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