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Wednesday, 6 December 1911

Senator PEARCE (Western AustraliaMinister of Defence) . - These words, if retained, will not alter the position by one iota. If it is proposed to construct any portion of this railway with money out of the Loan Fund, a Loan Bill will be introduced to appropriate the money, and no further Bill will be brought in.

Senator Chataway - None of that money will lapse.

Senator PEARCE - It will not lapse until it is expended, but, of course, if it should be found insufficient, it may be necessary to introduce another Bill. The obvious course, however, is to take such precautions as will insure that there shall be a sufficient appropriation under the Loan Bill for the purpose. The annual

Estimates will show the amount of the expenditure, but there will be no further appropriation of loan money.' As regards the general revenue, any appropriation will lapse at the end of the financial year, and a further appropriation will then have to be made. The omission of these words will not affect either the Loan Fund or the Consolidated Revenue Fund.

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