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Thursday, 7 August 1930

Senator DALY (South Australia) (Vice-President of the Executive Council) (3:48 AM) . - I move -

That the bill be now read a second time.

This bill is similar to that which is customarily introduced to obtain the approval of Parliament in connexion with the raising and expending of certain sums of money. Its object is to enable urgent works and services to be carried on during the financial year 1930-31. The works for which it provides are those that were announced in the budget. The net loan expenditure in recent years is set out in the following table: -


It will therefore be apparent to honorable senators that the proposed expenditure is £1,164,000 less than the expenditure for the year 1929-30, and £4,104,000 less than that for 1928-29. Comparative details for the three years mentioned will be found in the budget papers at pages 46 to 49. Many savings have been made, and the complete loan programme is receiving the very careful consideration of the Government at the present time. If there is any further' information that honorable senators desire, I shall be pleased to give it.

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