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§ 441. “And may Convert, Renew, or Consolidate such Debts, or any Part thereof.”

These words were inserted on Sir George Turner's motion at the Adelaide Convention (Debates, p. 1097; Proceedings, p. 99); but they hardly seem to be necessary. The powers of conversion, renewal, and consolidation would seem to be necessarily incidental to the power to take over the debts—or at least to be included in the power to borrow money on the public credit of the Commonwealth (sec. 51—iv).

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