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Tuesday, 31 May 1960

Sir WILFRID KENT HUGHES (Chisholm) . - May I ask for some explanation of this motion? Was this amount of £10,000,000 included in the original Supplementary Estimates or is it another sum of £1.0,000,000 which has been forgotten and is now produced like a rabbit out of a hat? Is this money to come out of the Loan Consolidation and Investment Reserve? We are entitled to some information.

Mr Harold Holt - The honorable member will get it in a few minutes.

Sir WILFRID KENT HUGHES - Why should we be asked to put through this proposal with the leave of the House and all sorts of formal motions when we do not know what it is all about? Surely we are entitled to have this information first. Already calculations have been made and submitted by persons who are generally fairly well informed, and I believe that the loan fund fell short by only some £3,000,000. As we have already provided £10,000,000 in the Additional Estimates that will leave a surplus of £7,000,000. Now we are putting in another £10,000,000. I feel that we should know something more about this before we go on.

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