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Friday, 18 December 1914

Senator RUSSELL (Victoria) (Assistant Minister) . - I move -

That this Bill be now read a second time.

The object is to continue the existing Act for eighteen months, until 31st December, 1915, in continuation of the policy of giving a bounty to the iron industry. An additional £30,000 is provided for the purpose, but whereas the bounty was previously 12s. a ton, it now becomes 8s. a ton. Under the old Act, manufacturers were not allowed to use any scrap iron in the production of pig iron made from Australian ore for the purpose of claiming the bounty, but under this Bill it is provided that the bounty may be granted so long as not more than 6 per cent. of scrap iron is added. The bounty may be withheld by the Minister if the standard of wages paid is lower than that determined by the President of the Federal Arbitration Court, and if at any time Parliament imposes an import duty to protect the iron industry this Bill will simultaneously cease to operate. No new principles have been introduced.

Question resolved in the' affirmative.

Bill read a second time.

In Committee:

Clauses 1 and 2 agreed to.

Clause 3 -

(1)   In this Act " pig iron " means pig iron made from Australian ore.

(2)   For the purposes of this Act, pig iron may be deemed to have been made from Australian ore notwithstanding that it contains, in addition to such ore, an admixture of not more than 5 per centum of scrap iron.

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