OUR IRON DEPOSITS
PROPOSALS FOE DEVELOPMENT. The Iron and Steel Industries Bill, introduced into the Plouse of Representatives yesterday, is intended to enable the Government to pay bounties of 12s. a ton on pigiron, puddled bar iron and steel produced from pigiron, and 245. a ton on steel produced from molten metal direct from the blast furnace. The bounties are to be payable for .tlie first tliree years after the date on which production is commenced, aud for each succeeding year there is to he a reduction of 2s. a ton in regard to the first three, and of 4s. a ton in tlie caso of tlie last-mentioned article. The total amount of bounty is limited to £150,000, of which not more than £75 : 000 shall be paid in respect of pigiron. The maximum amount of bounty is not to exceed £30,003 in any one year. Tliero are various safeguards in regard to tlie bounties payable. ; ..
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Dominion, Volume 8, Issue 2274, 7 October 1914, Page 7
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156OUR IRON DEPOSITS Dominion, Volume 8, Issue 2274, 7 October 1914, Page 7
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