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Thursday, 13 April 1972
Page: 1616

Mr SNEDDEN (Bruce) (Treasurer) - I move:

That the Bill be now read a second time.

The purpose of this Bill is to obtain parliamentary authority for additional expenditure in 1971-72 amounting to $80.4m on various items relating to capital works and services, payments to or for the States and certain other services. However, savings of about $9.2m are estimated in expenditures under other appropriations in Appropriation Act (No. 2) 1971-72. It is expected, therefore, that the total expenditure will exceed the amount appropriated in Appropriation Act (No. 2) 1971-72 by about $7 1.2m. Of this amount $45 ,8m relates to payments to or for the States.

When introducing Appropriation Bill (No. 4) 1971-72- that is the Bill I have just introduced - I informed the House that savings expected in amounts appropriated by Appropriation Act (No. 1) 1971-72 had been listed in an information paper for the benefit of honourable members. The information paper likewise contains details of savings expected in amounts appropriated by Appropriation Act (No. 2) 1971-72. I take this opportunity to make this document available to the honourable member for Melbourne Ports (Mr Crean).

Although additional appropriations of $3 1.3m are sought for capital works and services, it is expected that this amount will be partially offset by savings of about $5. 6m in other similar appropriations in Appropriation Act (No. 2) 1971-72. As I explained in relation to the Appropriation Bill (No. 4), it is not possible to utilise savings under an appropriation to offset additional expenditure in another. Unexpended appropriations, of course, lapse at 30th June.

Of the $3 1.1m now sought the major requirements are Si. 7m for an additional repayable advance to the Papua New Guinea Administration towards the construction of a township at Arawa; $5m for loans under the War Service Homes Act to meet the increased loan limit and to eliminate delays in meeting applications; Sim for loans to co-operative building societies in the Australian Capital Territory (this is offset by a reduction of $lm in advances to the Australian Capital Territory Housing Trust Account); Sim for the National Capital Development Commission to cover rise and fall' variations to contracts because of wage increases; $15m for payment to the Post Office Trust Account to meet an expected short fall in postal revenue, increased liability for superannuation payments and additional funds required for expenditure on works to sustain employment in accordance with Government policy. An additional $4.5m is required for buildings and works to meet 'rise and fall' payments under contracts because of wage increases and other items.

Additional appropriations of $49. lm are sought for payments to or for the States, the main requirements being $27m for non-metropolitan unemployment relief; $ 17.5m for a special loan to New South Wales; and $3.5m for cyclone assistance in Queensland. It is expected that there will be a saving of about $3.3m in other appropriations for payments to or for the States in Appropriation Act (No. 2) 1971-72.

As in the case of appropriation Bill (No. 4) 1971-72 the form of the schedule to this Bill has been revised to show comparative information which may assist members in their consideration of the amounts sought. 1 commend the Bill to honourable members.

Debate (on motion by Mr Crean) adjourned.

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