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Wednesday, 24 September 1958

Mr OSBORNE (Evans) (Minister for Air) . - I move -

That the bill be now read a second time.

The purpose of this bill is to amend the Cellulose Acetate Flake Bounty Act, to enable its operation to be extended by proclamation for a period not extending beyound 30th June, 1959, and allowing the bounty to be terminated before that date, should this be desired.

I explain to the House that the question of further assistance to the industry has been referred to the Tariff Board. Public inquiries have been held, but the board has not yet presented its report. The Government considers it reasonable to extend the benefits of the bounty until such time as it is in a position to examine the recommendations of the Tariff Board. Hence the proposal in this bill that the bounty may be extended by proclamation until 30th June, 1959.

The Cellulose Acetate Flake Bounty Act provides for a bounty of lOd. per lb. in respect of cellulose acetate flake produced in Australia and sold for use in the manufacture of cellulose acetate rayon yarn in each of the three years ended 30th June, 1958.

Bounty of £99,489 was paid to Colonial Sugar Refining Chemicals Proprietary Limited on 2,387,737 lb. of flake sold during the year ended 30th June, 1956, rising to £113,258 on 2,718,187 lb. of flake sold in the year ended 30th June, 1957, and then declining slightly to £100,980 on 2,423,534 lb. of flake sold during the year ended 30th June, 1958.

The principle of assistance by bounty to this industry was adopted when the matter was previously considered by the House, and the proposed amendment will enable the same measure of assistance to be continued until the Tariff Board's report has been received and considered by the Government.

I commend the bill to honorable members.

Mr Calwell - Does the Minister know when the Tariff Board's report will be available?

Mr OSBORNE - No, I cannot tell the honorable member that.

Debate (on motion by Mr. Calwell) adjourned.

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