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Thursday, 17 August 1972
Page: 184

The PRESIDENT - Is leave granted? There being no objection, leave is granted.

The document read as follows:

The purpose of the Bill now before the Senate is to extend the operation of the Agricultural Tractors Bounty Act 1966- 1970 for a period of 6 months to 31st December 1972, unless an earlier date of cessation is specified by proclamation. Under the existing Act bounty will cease to be payable after 30th June 1972.

The Tariff Board has completed an inquiry into the industry but its report is not expected to be submitted to the Minister for Trade and Industry before expiration of the bounty. In these circumstances the Government considers that the present level of assistance should be maintained until the Tariff Board report has been received and examined by the Government, Accordingly the agricultural tractors bounty legislation is being extended until 31st December 1972 or to an earlier proclaimed date. I commend the Bill to honourable senators.

Debate (on motion by Senator Wilkinson) adjourned.

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