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Hansard
- Start of Business
- QUESTION
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- OVERSEAS INVESTMENT
- POST AND TELEGRAPH BILL 1960
- INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT BILL (No. 3) 1960
- INTERNATIONAL ORGANIZATIONS (PRIVILEGES AND IMMUNITIES) BILL 1960
- LOAN (AUSTRALIAN NATIONAL AIRLINES COMMISSION) BILL 1960
- PATENTS BILL 1960
- INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT BILL (No. 3) 1960
- LOAN (QANTAS EMPIRE AIRWAYS LIMITED) BILL 1960
- AGREEMENT
- WITNESSETH:
- ADVANCE TO THE TREASURER 1959-60
- JUDGES' REMUNERATION BILL 1960
- SNOWY MOUNTAINS HYDROELECTRIC AUTHORITY BILL 1960
- ALUMINIUM INDUSTRY BILL 1960
- QUESTION
- PERSONAL EXPLANATION
- ASSENT TO BILLS
- BILLS RETURNED FROM THE SENATE
- SPECIAL ADJOURNMENT
- LEAVE OF ABSENCE TO ALL MEMBERS
- BILLS RETURNED FROM THE SENATE
- ALUMINIUM INDUSTRY BILL 1960
- ADJOURNMENT
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ANSWERS TO QUESTIONS
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International Labor Organizations Conventions
(WHITLAM, Gough, OPPERMAN, Hubert) -
Patents Act: Convention Countries
(WHITLAM, Gough, BARWICK, Garfield) -
Aborigines
(BEAZLEY, Kim, MENZIES, Robert) -
United Nations
(CAIRNS, Jim, MENZIES, Robert) -
Australian Military Forces
(BEAZLEY, Kim, STOKES, Philip, CRAMER, John) -
Defence Forces Pensions
(BRYANT, Gordon, HOLT, Harold) -
Banking
(WARD, Edward, FRASER, Malcolm, HOLT, Harold) -
The lodgments in October and November, 1959, represented calls to the Special Accounts of the trading banks. The Banking Act 1959, which came into operation on 14th January, 1960, replaced the special account system with the statutory reserve deposit system. The initial reserve deposit ratio of 16.5 per cent, determined by the Reserve Bank required the lodgment of an additional £2.7 million on the commencing date. The net lodgment of £16.5 million in February, 1960, mainly reflected on increase on 10th February of 1 per cent, to 17.5 per cent, in the statutory reserve deposit ratio. The ratio has remained unchanged since that date, and subsequent changes reflect automatic lodgments to or releases from statutory reserve deposits in line with movements in the banks' deposits
(FRASER, Malcolm, HOLT, Harold) -
Sales Tax
(DALY, Fred, HOLT, Harold) -
Overseas Borrowings
(UREN, Tom, HOLT, Harold)
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International Labor Organizations Conventions
Mr BANDIDT (Wide Bay)
.- There is only one issue before the committee and it is this: If a salary of £8,000 was fair in 1955 for the Chief Justice of the High Court, is a salary of £10,000 fair to-day? If a salary of £6,500 was fair in 1955 for the puisne judges of the High Court is it fair to give them another £2,000 to-day? Any sensible member of this
House, disregarding all sorts of disputes and arguments that do not matter must agree that, as a matter of relativity, it is fair to give these judges £2,000 more per annum to-day than they received five years ago.
