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Wednesday, 3 June 1942

Senator KEANE (Victoria) (Minister for Trade and Customs) . - I move -

That the bill be now read a second time.

The purpose of this bill is to provide £10,000,000 out of the Consolidated

Revenue Fund for the payment of -war pensions. This is one of the recurring measures periodically submitted to Parliament for the purpose of appropriating an amount from the Consolidated Revenue Fund for payment into a trust account to enable war pensions to be paid therefrom at the rates, already approved by Parliament. The balance of the appropriation now remaining is sufficient to meet pension payments only to the end of August next. Although Parliament is being asked to approve the appropriation of £10,000,000, which is the usual amount appropriated, this sum will' not be withdrawn from revenue immediately. Payments from revenue to the trust account are made only periodically as it becomes necessary to meet the payments, to pensioners. The basis of payment of war pensions has already been established by Parliament and this measure merely seeks the provision of funds, for the purpose.

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