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Wednesday, 25 February 1942

Mr SPEAKER - Leave has been given to the Leader of the Opposition to make a statement.

Mr FADDEN - The Opposition offers strenuous objection to paragraph 6 of the regulations, on the ground that it does not possess any merits in relation to the financial structure of this nation. We do not find fault with the general principles which the Government desires to apply, but we consider that the implementation of that portion of the regulations to which I have drawn attention would cut across, hinder, and depress those financial activities upon which the Government must necessarily rely for a maximum war effort. We, therefore, accept the suggestion that a special committee be set up in order to examine the regulations judicially, with a view to obtaining what is best calculated to promote the interests of this country. We are actuated by a sincere desire to assist the Government. We naturally hope that the recommendations or findings of the special committee will be willingly implemented by the Government. If that be not done, we reserve the right to take whatever action we may consider proper in order to effect what we believe will be in the best interests of the nation.

Mr.Curtin. - I take it that the Leader of the Opposition will consult me in regard to the personnel of the committee ?

Mr FADDEN - I shall do so.

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