A dispensing apparatus including an adjusting device which ensures constant pressure of a reel supported on a spindle. The device is associated with reel-holder arms having resilient flexibility, rails forming a slide being arranged between side wings of a housing and the reel-holder arms to allow limited sliding movement of sliders floating on the rails with elastic capacity for controlled and adapted movement to enable paper material of the reel to be maintained constantly stretched on the spindle as material is depleted from the reel.
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