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Wednesday, 13 May 1936

Senator E B JOHNSTON (Western Australia) . - Senator Leckie has suggested that the exchange rate is not worth much as a protection to the Australian manufacturer. I believe that that contention is not correct, but, assuming that it is correct, we may with justification ask why the Government proposesto increase tariff duties by 1 per cent. for every £1 by which the exchange rate falls. So far that provision has not been questioned, but we have a right to question it if what Senator Leckie says is true. In that case, if the formula is allowed to operate, the Australian manufacturers will receive more protection, than they are entitled to.

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