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Tuesday, 10 December 1912

Senator MILLEN (New South Wales) . - I am very glad to have the information afforded by the Vice-President of the Executive Council ; but I do not know whether it will be very gratifying to my honorable friends opposite. It would now appear that whilst the rents are being paid into the general revenue, the Government intend to borrow money to pay the interest.

Senator McGregor - The circumstances justify us.

Senator MILLEN - Circumstances may be held to justify anything. It is just as well that we should know that the revenue is deriving the benefit of the rents received from this investment, and that loan money is to be devoted to the payment of interest.

Senator Givens - Against that we have paid a portion of the purchase money out of revenue.

Senator MILLEN - The honorable member would not have been aware of that fact if I had not dug it out. I was fully justified in the statement I made on Friday that there was an amount in regard to which no explanation had been forthcoming, but that I had no doubt represented interest and charges which were to be paid out of the proceeds of the loan.

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