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Wednesday, 1 August 1906

Senator TRENWITH (Victoria) . - There is a great 'deal in the argument of

Senator Millenthat there appears to be an inequality in our dealing with an individual and with the States. But one of the objects of this Bill is to facilitate prompt payment, and' to induce prompt acceptance of payment. A low rate of interest would be one means of facilitating prompt acceptance of payment. I look upon it as extremely undesirable that when money is made available, it should be left in the hands of the Commonwealth officers. It would be useless for investment purposes. If the Commonwealth must have the money available at any time when the claimant likes to come for it, it is not of any advantage to the Government to retain it. Very little injury can accrue to the person to whom the moneyis due. I am inclined to favour a low rate of interest, for the reason that the Commonwealth Government cannot have any use for the money. It will be an encumbrance rather than an advantage to retain it in the possession of the Government, when the person to whom it is due can claim it at any moment.

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