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Monday, 24 May 1965

Senator ANDERSON (New South Wales) (Minister for Customs and Excise) . - in reply - I thank honorable senators for their contributions to the debate and I thank the Senate generally, for its cooperation in bringing about the speedy passage of this legislation. Senator

O'Byrne, who led the debate for the Opposition, raised a number of points which, I agree with him, are more appropriately subjects for discussion when the Tariff Board has brought down its report on the industry and the Government has had time to consider it. Problems of percentage profit limits, quick payments, capital investment and things of that nature are daily problems of my Department in the administration of bounty legislation. The thing to remember about bounties as far as departmental administration is concerned is that speed of payment is the essence of the contract. For that reason, certain provisions and safeguards which the Government wants are written into the Bill, but they are more subjects for discussion on a later occasion. 1 thank the Senate again for its co-operation in the passing of this legislation.

Question resolved m the affirmative.

Bill read a second time, and passed through its remaining stages without amendment or debate.

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