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§ 364. “The Mode of Compensation.”

These words were inserted at the Melbourne Convention (see Debates, pp. 1001–7) To carry out, with a somewhat wider scope, a suggestion of the Legislative Assembly of South Australia that payment might be made by taking over an equivalent part of the public debt of the State. The amount of compensation is arrived at under subs. ii., and subs. iii. then provides that the mode of compensation may be determined by Parliament. It seems that it will be open to the Parliament under this section to provide that compensation may be made in cash, or in instalments, or by an annual rental, or by issuing debentures, or by taking over an equivalent part of the public debt, or in any other way which will give to the State the value agreed upon or ascertained.

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