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Thursday, 13 November 1930

Senator RAE (New South Wales) . - Notwithstanding the many reasons advanced by Senator Colebatch for a postponement of the time for presenting the committee's report, it is clear to any one who has perused the progress report of the committee that there was no intention on the part of its members to seek evidence from persons who were nor well known to be hostile to the Government.

Senator Sir William Glasgow - That is absolutely wrong.

Senator RAE - I make that statement and am prepared to stand by it.

Senator Sir Hal Colebatch - Every organization was invited to send witnesses.

Senator RAE - I am certain that honorable senators opposite, who supported the appointment of this committee, had their minds made up to do everything possible to prevent the establishment of a central reserve bank even before the committee was appointed.

Senator Reid - Who told the honorable senator that?

Senator RAE - That could be gathered from their speeches. I do not recollect the names of all of those who spoke, but I can say without hesitation that those honorable senators opposite who contributed to the debate showed such bitter and unrelenting opposition to the proposal that there was not the slightest chance of the committee presenting a favorable report.

The PRESIDENT - I ask the honorable senator to connect his remarks with the motion before the Senate.

Senator RAE - I submit that I am showing that no reasonable plea can be advanced for granting an extension of time for the presentation of the committee's report on the ground that it has not had sufficient opportunities to obtain evidence. All the evidence that honorable senators opposite desire to obtain is in support of their contention, and in my opinion the only evidence sought was to strengthen their opposition to the measure. .If honorable senators are honest, and wish to have a fight, they should reject the bill and engage in a more important conflict before the people.

Senator DUNCAN(New South Wales) |3.33]. - It is most unfortunate that the report of the Select Committee on the Central Reserve Bank Bill has not been t> resented for our consideration to-day. It seems that it will be impracticable for the Senate to consider that measure before the present sittings of Parliament terminate, and it will therefore be impossible 1.0 consider the committee's report until Parliament meets next year. I am not blaming the committee for tha position that has arisen, although it is unfortunate that it has been unable to finalize its report. It is unreasonable to discuss, at this juncture, the motive of the committee or to impute motives. The committee is unable to present its report today; whether the motion is agreed to or not the report cannot be presented at this stage. According to the statement by the chairman of the committee, it will not be possible for the Senate to consider the report for some time.

Senator Daly - If the report were submitted we could proceed with the discussion of the bill.

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