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Friday, 30 October 1964


Senator ANDERSON (New South Wales) (Minister for Customs and Excise) . - I move-

That the Bill be now read a second time.

It is now proposed to extend the period of operation of the Copper and Brass Strip Bounty Act 1962, under which bounty has ceased to be payable in respect of copper and brass strip sold after 30th September 1964, for a further maximum period of six months to 31st March 1965. It is the purpose of this Bill to implement this proposal. A review of the industry is, at present, being undertaken by the Tariff Board which is investigating the level of protection which should be afforded to the Australian production of copper and brass sheet, strip, and foil, and heat exchanger units of the types used with internal combustion engines, that is in motor vehicle radiators.

The completion of the inquiry and the issue of the relevant report has been delayed by unforeseen complications such as the recent wide fluctuations in world copper prices which the Board must take into consideration. Consequently, insufficient time remained before 30th September 1964 for the Government to receive, study and act upon the Board's report. In order to provide the necessary time required for these steps, and also to continue the present level of assistance to the industry, this Bill extends the copper arid brass strip bounty legislation until 31st March 1965, or a date to be proclaimed, whichever first occurs. I commend the Bill to honorable senators.

Debate (on motion by Senator O'Byrne) adjourned.







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