Page:United States Statutes at Large Volume 61 Part 5.djvu/115

 1i STAT. GENERAL AGREEMENT ON TARIFFS AND TRADE-OCT. 30, 1947 SCID1I3 I - COMMNWWEALTH OF AUSTRALIA Part I (oontinued) Australian Tariff Item Nuaber 174(M)(oontinuad) Description of Products Mstal-aorking machines and appliances, etc. (oontinued) (25) Lathes (continued) (q) Spinning, Turning and Planishing, combined or separate, over 18-inch centres ad val. (r) Tapmakers', with automatic relief movements ad val. (a) Universal Relieving ad val. (u) Lathes (excepting the types with cone headstooks) known as sliding surfacing and screw-cutting or chasing, with or without moveable tailatocks, and modifications of this type in which one or more of the functions usually performed by such lathes have been eliminated or Taried - (1) With variable speed headstooks which are arranged with a belt that drives by its bevelled edges against a V-aided pulley that converges and diverges and so alters the spindle speeds (2) With all geared headstocks, the current domestic value of which, either in sterling or when converted to sterling, in the country of origin exceeds the Auatralian manufacturer's list price in Australian currency of the nearest osmparable Australian-mado lathe ad val (v) Other, excepting - Lathes of the type known as Sliding, Surfacing and Screw eutting or chasing, with or without moeable tailstocks, and madifications of this type in which one or more of the functions usually performed by such lathes have been eliminated or varied; Metal spinning Lathes and Brake Drum Truing Lathes All5 Rate of Duty 15 per cent, 15 per cent. 15 per cent, ...... 0/. 15 per cent. .. .... 0/. C/. NOS The products provided for under the paragraphs of Item 174, against shilh the sbol C/. appears, shall be exempt from ordinary os-fav ed-nation oustoms duties which exceed the preferential duties an such products by more than 15 per cent. ad svloren. . ---

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