THE CONTROL OF THE PUBLIC PURSE.

Dominion, Volume 6, Issue 1857, 17 September 1913, Page 4

THE CONTROL OF THE PUBLIC PURSE.

• Tho Legislative ■ Council met at 2.30 •Ji.m. Leave of absence for one month was , granted to tho Hon. Sir William Russell, on'the ground of ill-health. The' Perpetual Trustees, Estate and 'Agency Company Act Amendment Bill Was read a third time and passed. The Hon. H. D. BELL announced that ho had; a number' of reports on tho Tasmanian elections. .Ho found, that he could not lay tho papers on the table of .the Council without surrendering on them, and ho had no other copies, y Ho would therefore allow thom to lio on his own table, where . honourable members would havo o'very accoss to them.They wcro too long to • be printed. ... j :DUNHDIN.:ORAINACE. Tho Council ,went into Committee to consider; tlio Dujiedih District Drainage and So.tvorage Acts Amendment Bill. Amendments of which notice liad been given, % tho Hons. H. D. Bell and i\V. Eanishaw. to; add 'new clauseii ' were ■ withdrawn, and tho Billwas reported .without-amendment. Tho-Hon. J. B.'Callan - moved ■ the third l6Ming!.'of the Bill. The Hon. J. E. Jenkinson raised, an objection to tho provision of Clause 6,' which'allowed the board to invest its ! sinking-fund ;in its'own securities. It i was att entirely, wrong, principle, ho 'said, and such power should bo granted ito. no local body. ' Tho ! Council - divided on a proposal Hhattlio Bill should bo recommitted, the •'motion,";being carried by 14 to 1L In Committee, the Hon. J. E. Jenekinson'moved to amend Section la 'of Clause 6,-which read as follows: —"In tho case of a sinking fund, by investing tho same, together with all interests nnd profits accruing therefrom, and such securities as the board from time to time directs, and, in particular, in tho purchase of any debenture issued by :-'the board, whether in. connection with the loan in;-respect of which such j moneys'-are' held, by the said. Commis'isionors'/or not," Mr. Jenkinson moved that all the woi-ds after "directs" be omitted.-- • ■; Tho Hon. J. B;-Callanv.said that tho Council- had ; registered its' protest , against! t)ie.principle of the clause, and such a'provision would not be i included ire any Jiituro: Bill.'"' If the "amendment were carried,',.tlie Bill would lave to go; to the LOjWeryHouso, which; was at pre;, sent busy.jwiths.other 'matters. ! ---(Laugli--ter.) 'A^drilay.-in'the passing of the Bill would .'necessitato tlie 'discharge of a largq number, of men at present employed by.;-. tho board. He hoped the amoudmont : .would not .be earned. ■ Tho Hon, HI D. Bell said that Mr. Jenkinson.was ! quite] coirect. y The. matter Was one, 1 of importance, and it ,'■ would be a very serious thing to make it a and give such power to locali'bodies generally. A t division on tho question of j the retention of tho : Words resulted'aii ■ a, tie—l 2 members, voting on each sido. The ihaii t man'"(tho Hon. W. Carncross) gavo'iiis casting voto for the noes,' and the words wore-deleted. '. Tlie Bill'was'then'read a'third time and passed. LAND TRANSFER AMENDMENT. The Hon. H. D. Bell moved the sec-ond-reading ,of the .'Land' Transfer ' 'Ameridmena'.Bill.' that it consisted of a series of purely, clinical and legal amendments. The, second reading was' agreed t6, and tho Bill was referred to ,tho Statutes Revision Committee.,;,- '. OTHER MEASURES. The Borough of Mornington Tramways 'Act Amendment Bill was read-a second time, oh, the motion of the Hon. J. R. Sinclair 1 .. , V,.,, The Land Drainago Amennmont/.ISul \ '(Hon. H. D. Bell) was- read a second time. The Public Trust > Office Amendment Bill (Hon. H. D. Sell) was referred to the Statutes Revision Committco. Tho Council rose at ,4 ,p.mi