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Friday, 9 December 1927

Senator Sir GEORGE PEARCE (Western Australia) (Vice-President of the Executive Council) [12.12].- I admit that it is not very clear, but the alteration is effected in clause 5. In the corresponding provision last year there was an additional tax of 20 per cent. over the rates imposedby the schedule. This year that has been reduced, and it is now an additional tax of only 8 per cent., representing a reduction of 10 per cent. on the total rate imposed last year. That is to say the tax imposed last year represented 120 per cent. on the schedule rate, and, as 10 per cent. on 120 amounts to 12,the imposition for the current year is 108 per cent. of the schedule rate.

Schedules agreed to.

Title agreed to.

Bill reported without requests; report adopted.

Bill read a third time.

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