Notwithstanding anything in article 301 or article 303, the Legislature of a State may by law (a). . . . . . (b) impose such reasonable restrictions on the freedom of trade, commerce or intercourse with or within that State as may be required in the public interest:. . . . " We may also refer in this context to the following passage from the judgment of their Lordships of the Privy Council in Commonwealth of Australia vs Bank of New South Wales(1) which was quoted with approval in the later Privy Council decision in Hughes and Vale Proprietary Ltd. vs State of New South Wales and Others(2): "Every case must be judged on its own facts and in its own setting of time and circumstance, and it may be that in regard to some economic activities and at some stage of social development it might be maintained that prohibition with a view to State monopoly was the only practical and reasonable manner of regulation, and that inter State trade, commerce and intercourse thus prohibited and thus monopolized remained absolutely free".