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Tuesday, 19 May 1936

Veneers -

(1)   When the value for duty does not exceed 25s. per 100 sq. ft., ad valorem, British, 30 per cent.: General, 50 per cent.

(2)   Otherwise, per 100 sq. ft., British, 7s.6d.; General, 12s.6d.

These rates provide what the board considers to be adequate protection to Australian manufacturers against the lower-priced imported vencers, but will prevent the ad valorem rates imposing a heavy burden on high-grade veneers required by the trade in Australia, and not produced locally. The ad valorem rates will apply to veneers, both British and foreign, having an f.o.b. value below 22s. 9d. per 100 sq. ft., after which the maximum duty provided will apply with a decreasing ad valorem equivalent as the f.o.b. value of the veneer increases.

The aim evidently is to give relief in connexion with the better class of veneers.

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