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Project Magnet was not an official Government project. It was a project that I talked the Deputy Minister into letting me carry out by making use of the extensive field organization of the Department of Transport. Unfortunately the gentlemen of the press climbed on this and made a big deal of it.… However, we carried the project through officially for about four or five years and then went underground because of press interference
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Paul T. Hellyer (The Money Mafia: A World in Crisis)