Australian States’ Case on Bank Act
MELBOURNE.. March 22
The Attorney-General (Dr. H. V. Evatt) had simply erected straw men and knocked them down, said Mi' J. A. Hannan, K.C., in the High Court in Melbourne to-day, during argument in the Banking Act case. Mr Hannan represented the States of Western Australia and South Australia. He claimed that the Banking Act infringed State rights. While a section of the Act stopped private banks from having the States as customers, exce/t with the consent of the Federa' Treasurer, the financial agreement with the Commonwealth gave the States the right, to go to the banks without such consent said Mr Hannan. If the States had been told in 1927 that the agreement was only to give them the legal right to go to the Commonwealth Bank to get overdrafts, the States would have said that they wanted financial independence to arrange for temporary borrowing from any bank, without interference from the Commonwealth.
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https://paperspast.natlib.govt.nz/newspapers/GRA19480327.2.63
Bibliographic details
Grey River Argus, 27 March 1948, Page 5
Word Count
160Australian States’ Case on Bank Act Grey River Argus, 27 March 1948, Page 5
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