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Tuesday, 7 September 1920

Mr HUGHES - The answers to the honorable member's questions are as follow : -

1.   The information is not available. The British authorities have not adopted the practice of treating each season as a separate business. The wool has been dealt with indiscriminately as it came to hand without the slightest regard to the clip to which it belonged. In all essential respects the four years' operations have been continuous, and must be regarded as one and indivisible. On the grounds of equity as between the various growers there is no objection to this practice.

2.   Information in this connexion is not available. As stated in the Central Wood Committee's annual report, a copy of which I recently laid on the table of the House, owing to the magnitude and complexity of the British wool accounts, it is impossible to keep them up to date, hence the balance-sheets are twelve months behindhand. The latest balancesheet to hand is for the period ended 31st March, 1919.

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