I do not believe there is anything whatever in the suggestion which my hon. friend1 has made on the strength of information which someone has given him. I did say that the equipment companies proposed it originally and quite legitimately. After all, they had been doing a large business with the railways of the country and their business had gone to pieces; for four years or more they had done practically nothing. It seems legitimate therefore for them to look for business. The American equipment companies have nothing Whatever to do with it, and1 I do not believe there is anything in the suggestion that in some way the equipment companies got the railways to go into a deal which was not advantageous to the railways themselves.
Subtopic: WORKS, 'UNDERTAKINGS AND GUARANTEE OP RAILWAY EQUIPMENT SECURITIES TO CREATE EMPLOYMENT