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Wednesday, 29 April 1942


Mr CURTIN - I am not aware of what takes place at yearling sales, but the regulations can be enforced against such exchanges if the Treasury considers restriction necessary. The requisite power in law to prevent certain transactions from being carried out is already in existence, but the Department of War Organization of Industry has been concerned up to the present mainly with the diversion of labour to essential war services, and to ensuring that there shall be requisite production for military and civil purposes. Action already taken has complicatedthe supply to the civil community of many commodities, as well as the curtailment of trade in some respects. I shall look carefully into the relationship of the sales of yearling racehorses to the whole subject of curtailment of luxury spending.







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