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Tuesday, 23 August 1921

Senator GARDINER (New South Wales) . - The Minister's reasoning would be right if the duty we had imposed on iron was commensurate with a duty of 15 per cent. on these machines. If I remember aright, the duty on' pig iron is 20s. per ton, but there would not be anything like 1 ton of iron in these machines, and consequently the duty under discussion would not be heavy. The proposed reduction is only from 20 per cent. to 15 per cent, in the British rate.

Senator E D MILLEN (NEW SOUTH WALES) - A reduction from 221/2 per cent. to 15 per cent. is the proposition.

Senator GARDINER - The original duty was 20 per cent., and it is now suggested that it shall be 15 per cent. on importations from Britain. There would be higher rates on American importations, which in this connexion would be the strongest competitors with our local manufactures. Although it means a lowering by 5 per cent. of the duty against Britain, there would be an increase of 10 per cent. against American and other foreign competitors.

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