Committee on Finance. - Agreement with the United Kingdom (Capital Sum) Bill, 1938—Committee and Final Stages.

If the House is agreeable I should like to dispose of this Bill to-day, as I would then be fortified in certain conversations I may have to open in the next couple of days.

Financial interests?

Section 1 agreed to.
Question proposed: "That Section 2 stand part of the Bill."

Can the Minister say if there is any particular reason for mentioning payment by instalments?

It is our intention to pay the money over in instalments, so as to avoid, as far as possible, any dislocation in the exchange or banking relations which might be occasioned if all were paid over in one sum. We will probably raise a loan, and it is our practice to receive subscriptions in instalments. It is the intention to pay over to Great Britain these instalments as received.

It must be all paid over by November.

Question put and agreed to.
Sections 3 and 4 and the Title agreed to.
Bill reported without amendment, received for final consideration, and passed.

This is a Money Bill within the meaning of Article 22 of the Constitution.