AUSTRALIAN BANKING ACT CASE
ARGUMENT FOR STATES <Hec- » P-m.) MELBOURNE, March 22, The Attorney-General (Dr. H. V. Evatt) had simply erected straw man and knocked them down, said Mr J. A. Hannon, K.C., in the High Court In Melbourne to-day. during argument in the Banking Act case. Mr Hannon 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, except with the consent of the Federal Treasurer, the financial agreement with the Commonwealth gave the States the right to go to the banks without such consent, said Mr Hannon. 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 aaid that they wanted financial independence to arrange for temporary borrowing from any bank, without interfer- i ence from the Commonwealth.
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Press, Volume LXXXIV, Issue 25450, 23 March 1948, Page 5
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165AUSTRALIAN BANKING ACT CASE Press, Volume LXXXIV, Issue 25450, 23 March 1948, Page 5
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