§ 9.20 p.m.
§ The SOLICITOR-GENERALI beg to move, in page 91, line 15, after "limits" insert "if any."
The Amendments to this Clause deal with the borrowing powers of the Federal Government, and similar Amendments to the next Clause deal with the borrowing powers of provincial governments. As the Clause is drafted it says that they may borrow within such limits as may from time to time be fixed by an Act of the Federal Legislature. No doubt there will be an Act fixing the borrowing powers, and the Amendment does not in any way impair the power of the legislature to control borrowing powers. But a situation may arise in which an Act has run out, and in that case it would be undesirable if there was no statutory right to borrow. We therefore propose to insert the words "if any."
§ Amendment agreed to.
§ Consequential Amendment made.
§ Clause, as amended, ordered to stand part of the Bill.