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Friday, 30 October 1964

Senator O'BYRNE (Tasmania) .- I move -

Iti proposed section 30 (6.) leave out " Five ", insert "Ten".

My reasons for moving this amendment have already been canvassed and the Minister for' Defence (Senator Paltridge) has given an undertaking that he will state the policy of the Government and tell us of the needs, of the Australian Coastal Shipping Commission. However, honorable senators on this side of the chamber consider that, in view of the inflationary process over the years since 1957, the expansion of the Commission's activities, and the added responsibilities it will meet from time to time, the limit of the borrowing power to an amount of £5 million is too low. The Opposition considers that the administration of the Australian National Line has been proved to be in very safe hands and that the economic practices carried out by the Commission are such that it has been able to achieve success. We on this side feel that the extension of the limit of borrowings to £10 million would be in keeping with the provisions in similar legislation which have altered limits such as this over a period of years in order to keep pace with other organisations. I ask the Committee to support the amendment.

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