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Friday, 7 May 1915

Mr HUGHES - I did notice the paragraph, and I apprehend that it has reference to the general prohibition issued some time ago in regard to new flotations. No doubt there is a very excellent reason why there should be some generalized control over new- flotations at the present time. It would hardly, I think, be proper for us to protest in. this matter. The question, no doubt, was raised by the measure introduced last evening, but the manner in which capital is to be obtained is a matter with which we are not concerned. In the circumstances, I can hardly think it necessary, or even proper, to take any steps towards communicating with the British Government.

Mr SAMPSON - Perhaps I might be allowed to make my question a little clearer. What I desire to know is whether the Government are in a position to give us any information indicating that this action on the part of the British Government has any reference to impending legislation here in connexion with contracts ?

Mr HUGHES - We have no information that this action is other than the effect of the general prohibition in regard to new flotations. We have no special information in reference to the matter.

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