AUSTRALIAN BANKING BILLS
VIEWS OF OPPOSITION LEADER Canberra, March 21. The Government s banking bills were really aiming at the continuation of emergency rules into a period when emergency conditions would have disappeared. The whole matter was. therefore, another striking example of the Government’s desire to perpetuate in Australia what had been epigrammatically called a “servile State.” This was stated by the Leader of the Opposition. Mr Menzies, in the House of Representatives to-night, when opening the Opposition attack on the Government’s proposed banking legislation. Mr Menzies declared the industrial bank gave the Government almost unlimited powers. Certain scepticism had arisen in the public mind about opposition to bills. He therefore desired to make it clear to the House and people that if those who sat with him were returned to office in the future they would take prompt steps to restore board control to the banks with political independence for central bank functions, and in all other respect® they would hold themselves obliged instantly to review the working of this legislation with the object of bringing it into line with what they believed m be the stable requirements of the peo
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Nelson Evening Mail, Volume 80, 23 March 1945, Page 5
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192AUSTRALIAN BANKING BILLS Nelson Evening Mail, Volume 80, 23 March 1945, Page 5
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