AUSTRALIAN INDUSTRIES' ENCOURAGEMENT.

Taranaki Daily News, Volume XLVII, Issue 8161, 20 July 1906, Page 2

AUSTRALIAN INDUSTRIES' ENCOURAGEMENT.

BOUNTIES' BILL INTRODUCED. HALF MILLION STEELING IN BONIJBEB. BPRRAD OVER TEN lEIBB. Mbiboubhb, July 18. In the House of Representatives, ive W. Lyae introduced the new bounties' Bill, providing for the pay. .nent of a maximum of fifty thousand per annum for ten years, beginning on My Bth, 1908. •

Articles mast be .the product of white labor, and reoipients of BAuty will be expected to submit to lotte control in the matter of ijagei, . - The Bounties, the time of -theif duration, and the total annaal amount whioh.the bonus must not exceed, in each case, are as follows i '

Coooa—Bounty, one penny per pound on dried beans, spread over nine years, the total annaal bonna not co exceed one thousand pounds; ' •JCoffee, chicory—Penny apoufidtontu for eight years, and bonne not to ex< jeed £2,600 per annum.'

Cotton: Bonus equal to 10 per ceiit. >f the market valiiei .to -ia paiS for ■ire years, the total_ amount oflwonfy not to exceed £4,50® a year..

Canned fish: Bonus of halfpenny a irattnd for five years, the total annaal wnus not to be in exeeai of 311,000. (sic.)

Condensed milk: One farthing' per pound bonus over a term of five years, ■lot exceeding £SOOO per annum

Powdered milk: Three farthings pef pound, bonus i 9 t fiva yeata, the total imount of bonus nattoe»eed £SOOO

Oils s A bonus equal to 10 >f the market value, on olive, Ohm#;, linseed, oastor, colla, sunflower, ea> sential, cotton seed and other oils, (of fln years, the annual bonus not to «ceed £6,500 in all.

Bice: Bonus of 80s per ton for five years, aggregating not more than H 1,500 per year.

Fibres! Bonos equal to tea.per sent, of the market value on Am, ramie, sisal, hemp, New Zealand lKi, pandantw and snoh other fibres as may be prescribed, over a period of tea years, the annual amount of boons not io exceed £6,000.

Miscellaneous products: The amount >£ bounty on rubber, kapok and snoh other goods as may be prescribed has tot been fixed. Bounty will be pud for ten years on miscellaneous pro* lucts, the total amount in any one year net to exceedi!7,oo3 on the tot,