§ (1.) The band Commission on making an advance may dispense with the whole or any part of the guarantee deposit being made or retained if they think the security for the repayment of the advance is sufficient without it.
§ MR. MAURICE HEALY moved, after the word "advance," to insert the words, "the Land Purchase Act." He submitted that the Treasury proposed to vary the terms upon which the guarantee deposit was made. Its retention was being provided for longer than was originally intended. That being so, the fair thing to do would be to put all guarantee deposits on the same basis, and give the Land Commission the general discretion given by Sub-section 2 of the clause.
363§ MR. GERALD BALFOURintimated that he could not accept the Amendment.
§ Amendment, by leave, withdrawn.
§ Clause 23 ordered to stand part of the Bill.
§ Committee report Progress; to sit again To-morrow.