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Thursday, 27 September 1906

Senator WALKER (New South Wales) . - I rather agree with the view taken by Senator Best. It seems to me that the conversion of the debts will be an endless process if it has to be carried on on the basis of so much per head in each State. IamsorrytheGovernmenthavegiven way ; but I presume they thought it better to take an instalment than lose the whole. Honorable senators will see that the lowest indebtedness per head will govern the operation.

Senator Drake - The whole of the debts could be taken over.

Senator WALKER - But only at so much per head of each State.

Senator Best - Whatever, is taken from one State must be taken from the others.

Senator WALKER - If the debt in Victoria be £48 per head, no more of the debt of New South Wales than£48 per head could be taken over.

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