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Wednesday, 10 May 1939

Mr JOHN LAWSON (MACQUARIE, NEW SOUTH WALES) . - The amendments proposed to the Customs Tariff (Exchange Adjustment) Act 1933-1938 are consequential upon the alterations recently made to the Customs Tariff. During 1933, the Customs Tariff (Exchange Adjustment) Act was brought into operation for the purpose of providing reductions of duties having a protective incidence in order to offset to some extent the protective effect of exchange. Under that act all protective -duties were reduced, whilst the exchange position remained as at present, by one-quarter of the duty or one-eighth of the value for duty, whichever was the smaller. This arrangement, being of a general nature and covering the whole protective field, in some instances allowed reductions of duty which were greater than the protective effect of exchange and, in other cases, did not sufficiently provide for the effect of the exchange. Since that act was brought into operation, the Tariff Board has taken into consideration the protective effect which the exchange has had on the particular goods dealt with, and in adopting the Tariff Board's recommendations the new tariff items make provision for an exchange correction which is suitable for the particular goods covered by the item. When such items are placed in the tariff it is necessary, therefore, for the items to be excluded from the general terms of the Customs Tariff (Exchange Adjustment) Act 1933-1938 in order to prevent the operation of two reductions on account of exchange. It is for this reason that the amendments now proposed are brought forward. As previously stated the amendments are consequential upon action already taken by the committee.

Question resolved in the affirmative.

Resolution reported.

Standing Orders suspended; resolution adopted.

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