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Tuesday, 31 July 1906

Sir JOHN FORREST (Swan) .- The matter in question is not an important one, but there is a little confusion in regard to payments towards the end of the year as to which it is impossible to get in the accounts in time. A case in point would be where a State - say, Victoria - pays a sum of money for the purpose of mails to New Zealand. Perhaps a good deal of that money should be paid by New South Wales. A credit is given on account of New South Wales, which would lessen the expenditure of Victoria if it were received 1*fore the close of the financial vear. But if it is not received before such close, Victoria is charged with the whole expenditure, and afterwards gets a payment from New South Wales as revenue. Thereby the expenditure and revenue account is fictitiously enhanced. The difficulty could only appear at the end of the vear, when it is impossible to get in accounts in time to credit expenditure properly. As the balances are arranged at the end of every month, it is convenient, in order that the revenue and expenditure may not be fictitiously increased to have a provision whereby payments from the other States mav be taken in reduction of similar services for the ensuing vear. The difficulty has been found to be troublesome. The provision is not a very important one. but I think that what it attempts to do is reasonable. ,

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