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Thursday, 14 May 1936

Senator HARDY (New South Wales) . - I do not entirely agree with Senator Foll. The reason why I supported the Government at an earlier stage, when the principle now involved was decided, is that the whole of the tariff will be brought under review when the Government has completed its negotiations with Canada and the United States of America. It would be ludicrous for the Government to deal with a single item, seeing that many items may have to be reviewed. I agree that Australian Glass Manufacturers Company Limited has made a great deal of profit. Its shares are quoted at 88s., and, undoubtedly, it has benefited immensely under the tariff; but we must realize that it has obtained only 60 per cent. of the business in sheet glass. We should take into consideration the profit made by the various subsidiary companies. It must be admitted that the Crown crystal product is a fine specimen of cut glass. I pay tribute to the efficiency of that industry, but it is quite possible that it is making too great a profit, and that the price level should be reduced. That matter has been considered by the Tariff Board. I cannot support the amendment, because it would abrogate the principle determined at an earlier stage of the discussion.

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