Government to Give Bounty for Engines To Aid New Plants Canberra, Jan. 10.
Several definite proposals for the establishment of plants for the manufacture of motor car engines in Australia were before the Federal Government, and the early establishment of the industry on a sound basis was confidently anticipated, sai Minister of Customs, Mr. Lawson. a statement released here.
It is learned, states the "Age." that ihe act passed by Parliament to pro-Vide a bounty on engines made in Australia comprising 90 per cent. Australian materials, forms the gua-rentee asked from the Government by a group interested in the making of complete cars.
The first company to operate under the bounty is expected to be floated soon.. It will probably be.producing Cars within twelve months of being The Minister for Customs said that the industry was fully established the output would reach at least 20,000 engine units a year, giving direct employment to 6,000' persons and indirect employment to many more thousands. He anticipated that trough the operation of the bounty Australian cars would be sold at prices competing with those of American make assembled in Australia, and would force the price of popular American cars down about 220.
Text read from the printed page and cleaned; old type leaves the occasional error.