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Wednesday, 1 September 1920

Mr HUGHES (Bendigo) (Prime Minister and Attorney-General) . - I have already answered these questions: but honorable members, I fear, were not listening.

Mr Cunningham - I heard the Prime Minister mention the date, 27th October, but he did not say that the money was going to be paid on that day.

Mr HUGHES - I said-

The retention money and adjustment of appraised price to flat rate amount to £5,438,541, which will be paid by the Central Wool Committee in all wool centres of the Commonwealth on 22nd September, 1920.

Now, that is quite plain. The. date which X have just indicated is the only definite day that I can mention to honorable members; but the fact is that both the. date and the amount are specific. Concerning the other amount - namely, the sum of £6,486,992 - when that is paid will depend upon two factors which I have already dwelt upon. The first is, the date on which the money will be made available by the Chancellor of the Exchequer, and the Second concerns the date on which it can be transferred from our London bankers to our bankers in Australia. I am unable, therefore, to say on what day payment will be made; but I repeat what the Central Wool Committee has said, namely, that it expects to distribute the money " in September or/and October."

Question resolved in the affirmative.

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