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Thursday, 22 May 1930

Senator RAE (New South Wales) . - I do not wish to bring about any international complications, but I do think that when anybody in charge of a measure raises a note of alarm he should substantiate his statement. I ask honorable senators is it not a fact that when we give preferential duties to Great Britain we do not give them to other portions of the British Empire? If we do, thatis a separate provision altogether.

Senator Daly - We do not discriminate between English and Canadian companies coming to Australia.

Senator RAE - Is there any reason, because we have not yet done a thing, that we should not do it now ?

Senator Daly - An Australian company could not trade in Canada unless it registered there, and such an amendment as that proposed by the honorable senator might re-act against our companies.

Senator RAE - I object to putting foreign companies on the same level as those whose interests are concentrated in the Commonwealth. We are endeavouring to rectify our adverse trade balance, yet propose to allow foreign companies to register here and enjoy preferences in order to make profits for their shareholders on the other side of the world. If it is good policy to prevent that sort of thing in other directions, why should we not tighten up in this instance. However, I ask leave to withdraw my amendment and to substitute the words, " British Empire," for the words " Great Britain."

Leave granted.

Amendment amended accordingly.

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