Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Wednesday, 26 November 1941

Mr BEASLEY (West Sydney) (Minister for Supply and Development) . - £» reply - The honorable member for Gippsland (Mr. Paterson) interpreted the first amendment as imposing a restriction upon the power of the Minister, and the second amendment as enlarging his power. Actually, the first amendment extends in both directions his power to deal with agreements. The principal act does not make it clear that the Minister has power to enter into agreements relating to advances as well as agreements covering repayments.

Mr Paterson - I understand now.

Mr BEASLEY - The amendment extends the power of the Minister in both directions. The honorable member was correct when he stated that the second amendment allows for the exercise of greater discretion by the Minister because it does not bind him to adopt the £l-for-£l basis in instances where the Government desires to grant additional support to a venture, particularly in the particular instance I mentioned, in which the Commonwealth has already advanced £30,000.

Question resolved in the affirmative.

Bill read a second time.

In committee:

The bill.

Suggest corrections