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Wednesday, 1 September 1920

Mr HUGHES - (By leave).- As I do not want any misunderstanding to get abroad in connexion with my statement regarding the payments for wool, I desire to correct what I previously said in reply to a question by the honorable member for Robertson (Mr. Fleming), who inquired as tothe basis upon which the dividend was to be distributed, also as to how the low-grade wool would fare under this proposal. Since I made my statement I have been informed that I was wrong as to the basis upon which I assumed the Central Wool Committee was going to act. It is really going to distribute the dividend on the value - the amount of money; for example, if a pastoralist sold £500 worth of wool he will receive a proportion of the £6,000,000, as £500 is to that amount. I desire to make the matter perfectly clear to all interested, and I ask the press to refrain from making any comment on what I have said until I have an opportunityto consult Sir John Higgins, when I shall be in a position to make a definite statement.

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