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Friday, 21 November 1941

Mr LAZZARINI (Werriwa) (Minister Assisting the Treasurer) . - For the reasons which the Treasurer (Mr. Chifley) and I gave at the second-reading stage of the bill, and because there would be loss of revenue which an Opposition member has admitted would amount to £2,000,000--

Mr Fadden - Loss of revenue is not a logical reason.

Mr LAZZARINI - The honorable gentleman has consistently pointed out how necessary it is to raise revenue for war purposes. The Government has been reluctantly compelled to adopt this very definite means of raising revenue, purely as a war-time measure. It is determined to adhere to the figure mentioned in the bill, in order to obtain from this source the amount which it is expected to provide. Consequently, the raising of the percentage from 4 per cent, to 6 per cent, cannot be considered.

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