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Thursday, 3 April 1941


Senator KEANE (Victoria) .- This clause provides an illustration of my earlier contention. The bill was placed in honorable senators' hands less than half an hour ago, and I confess that I am not familiar with the provisions of the Commonwealth Inscribed Stock Act 1911-1940, to which reference is made in this clause. As the result of the Government's dilatoriness, I am not in a position to inform my mind on the subject. To ask honorable senators to authorize, without proper consideration, the raising of the colossal sum of ?50,000,000 is to treat this chamber as a joke. I deplore the manner in which the Government is now conducting the business of the country. Despite its much-vaunted handling of the finances of the Commonwealth, the Government experienced the utmost difficulty in persuading the rich to subscribe to the previous loan. I do not deny the necessity for raising money, but I object to the manner in which the Government seeks legislative sanction for the flotation. Whilst I am a member of this chamber, I shall protest vehemently against each attempt to make the Senate a " rubber stamp " to approve the work of the House of Representatives. I shall vote against the clause.







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