Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 2 May 1957

Mr BEALE (Parramatta) (Minister for Supply and Minister for Defence Production) . - The Government will not accept the amendment moved by the honorable member for Capricornia (Mr. Pearce). First, I think it will have no effect; and secondly, I think the real nub of this matter is not an examination of the position now, or any action that might be taken now, but an examination a little later when the effects of our present proposals have had a chance to be evaluated. The Government is hopeful that, as the result of the new proposals, further conversion of plants will take place because, remember, we are not here for the purpose of giving anybody increased profits. The purpose of giving a bounty, limited to profits up to 121 per cent., was to encourage the conversion of plants. If, as I believe, the abolition of the ceiling will not accelerate conversion, then there is no point in removing the ceiling. I think, therefore, that it would be wrong to do that at this stage. If conversion does not go ahead as we hope, it may be necessary for some other step to be taken in the future.

The honorable member for Canning (Mr. Hamilton) asked me to provide him with some figures, if I could, about the production in the various States. I believe the honorable member for Lalor (Mr. Pollard) also wanted some figures.

The CHAIRMAN (Mr. Adermann).Order! That should be discussed in relation to clause 3.

Mr BEALE - Very well, Mr. Chairman.

Suggest corrections