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Monday, 18 December 1905


Senator PLAYFORD (South AustraliaMinister of Defence) - Honorable senators are aware that the Bill will come into operation only in 1907, and the Customs Department has furnished me with the following estimates, giving the figures with which I promised on Friday to supply the Committee : -

 

Of course this estimate is a pure piece of guesswork. It will be noticed that the Customs Department estimates that the consumption, of sugar in 1907 and 191 1 will be 200,000 tons. But in the interval there will be an increase in population, and of course that will mean a larger consumption of sugar. I have no doubt that the estimate is approximately correct, but at the same time we cannot pretend for a moment that it will be absolutely accurate, because the production of white sugar is estimated to jump from 107,000 tons in 1907 to 169,000 tons in 191 1 - that is to within 31,000 tons of the estimated consumption. Everything will depend upon the seasons. These are the best figures which the Department can supply. We shall start with a considerable increase in revenue from Excise duty, and also from Customs duty, and we expect to get a net revenue of ,£479,000 from the Excise duty less the bounty.







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