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Wednesday, 11 May 1960

Mr OSBORNE (Evans) (Minister for Air) . - I move - That the bill be now read a second time.

The object of this bill is to extend the operation of the copper bounty for a further period of six months to 31st December, 1960. The Copper Bounty Act at present provides for the payment of bounty on refined copper of domestic origin sold for use in Australia in the period 19th May, 1958, to 30th June, 1960.

The general question of the assistance which should be accorded to the production in Australia of unwrought copper has beenreferred to the Tariff Board which has taken evidence but not yet made its report. The-

Government therefore considers it reasonable to extend the current bounty for a further six months to allow time for it to examine and act upon the board's report after it is received. Hence the proposal in this bill to extend the bounty to 31st December, 1960.

Bounty of £897,760 has been paid on 27,403 tons of refined copper sold in the first year of bounty ended 30th June, 1959. The proposed amendment would continue the current bounty for a further six months to allow time for the Tariff Board's report to be examined and implemented. I commend the bill to honorable members.

Debate (on motion by Mr. Pollard) adjourned.

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