OUR IRON DEPOSITS
PROPOSALS FOR DEVELOPMENT.
The Iron and Steel Industries Bill, introduced into the House of Representatives on Tuesday, is intended to enable the Government to pay bounties, of 12s a ton on pigiron, puddled bar iron and steel produced from pigiron, and 2-ls a ton on steel produced from molten metal direct from the blast furnace. The bounties arc to bo payable for the first three years after the date on which production is commenced, and for each succeeding year there is to be a reduction of 2s a ton in regard to the first threo, and of 4s a ton in the case of the 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. Tho maximum amount of bounty is not to exceed £30,000 in any one year. There are various safeguards in regard to the bounties payable.
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https://paperspast.natlib.govt.nz/newspapers/TDN19141009.2.34
Bibliographic details
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Taranaki Daily News, Volume LVII, Issue 116, 9 October 1914, Page 6
Word count
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157OUR IRON DEPOSITS Taranaki Daily News, Volume LVII, Issue 116, 9 October 1914, Page 6
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