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Thursday, 10 June 1926

Senator DUNCAN (New South Wales) . - This matter was inquired into by the Tariff Board on an application from Messrs. Bond and Company for a bounty on cotton yarn. This firm asked for a bounty of 6d. per lb. on cotton lint produced in Australia, and for a deferred duty at the same rate as on cotton and woollen yarns. The application was based on the ground that the assistance was necessary to establish the industry of spinning cotton yarn. The firm asked for a deferred duty on cotton piece goods, duck, and other yarns as well.

Senator Pearce - This will he a deferred duty.

Senator DUNCAN - Yes; but I point out that this firm, at the present time, can only manufacture 50 per cent. of its own requirements in cotton yarns, and on that portion of its requirements that it has to import it will have to pay the duty.

Senator Pearce - Not till the 1st January next.

Senator Crawford - And then it can be further deferred, if necessary.

Senator DUNCAN - What the firm suggests is that, until such time as the Australian industry is in a position to supply the whole of the local requirements of cotton yarns, it should be encouraged, not by a duty, but by a bounty.

Senator Crawford - That matter is under consideration, hut it is not dealt with in this bill.

Senator DUNCAN - We cannot assist the manufacture of cotton yarn by making the firms who use it pay more than they would otherwise do but for the imposition in the duty.

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