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Friday, 26 June 1914

Senator McCOLL (Victoria) (VicePresident of the Executive Council) . - I beg to move -

That this Bill be now read a second time.

The provision made in this measure is a simple one. In the Manufactures Encouragement Act, 1908, £150,000 was allocated to encourage the manufacture of pig-iron, bar-iron, and steel in Australia. That expenditure was to be spread over a period of five years, expiring on the 30th June inst. Of that allocation there remains an unexpended amount of £10,473. That money is available for expenditure, and this Bill proposes to continue the provisions of the Act for one more year, in order that the iron industry may have the benefit of that money. That is the whole purpose of the Bill.

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