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Wednesday, 30 June 1926

Senator GRANT (New South Wales) . - The sole reason for honorable members in another place deciding that it was desirable to increase the duty on these imported goods was that they had been influenced by the figures quoted by the right honorable member for Balaclava (Mr. Watt). The right honorable gentleman spoke of the profits made by a firm which manufactured material from artificial silk, but he did not say how much money was invested in the undertaking. He said that, for the year 1934, its profits were £520,349; for the year 1916, £1,083,923: for 1922, £3,018,432: for 1924, £3,880,745, and for 1925. £5,112,413.

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