Adding 'use client driver = yes' worked for me also.
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https://bugs.launchpad.net/bugs/990388
Title:
acces denied samba printer shares after upgrade precise
To manage
This is again a problem on Precise. I have to delay the startup of Samba
until CUPS is started, otherwise it won't find the shared printer.
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This issue is still present in Lucid.
Another way to work around it is to modify the /etc/init/smd.conf upstart job
with a kind of ugly hack that makes Samba wait for cups (see attached file).
** Attachment added: smbd.conf
http://launchpadlibrarian.net/49951509/smbd.conf
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CUPS starts