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PART VI.
Bounties On Exported Butter.
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Rate of bounty on exported butter.
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30.—(1) The Minister may, subject to the provisions of this section, make regulations prescribing the general rate of bounty on creamery butter, but the general rate so prescribed by any such regulations shall not exceed the rate of the butter duty nor exceed such a sum per pound as would, if added to the price per pound which is certified in such regulations to be in the opinion of the Minister the average free on rail price per pound of creamery butter exported during such period previous to the making of such regulations as the Minister may select and specify in such regulations, amount to one shilling and three pence halfpenny.
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In this section the expression “the general rate” means the rate for the time being in force by virtue of regulations under this sub-section or, if no such rate is for the time being in force, four pence per pound.
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(2) The Minister may, subject to the provisions of this section, make regulations prescribing the special rate of bounty on creamery butter, but the special rate so prescribed by such regulations shall not exceed the rate of the butter duty nor exceed such a sum per pound as would, if added to the price per pound which is certified in such regulations to be in the opinion of the Minister the average free on rail price per pound of creamery butter exported during such period previous to the making of such regulations as the Minister may select and specify in such regulations, amount to one shilling and three pence half-penny nor be less than the general rate.
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In this section the expression “the special rate” means the rate (if any) for the time being in force by virtue of regulations under this sub-section.
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(3) In this Part of this Act the expression. “the appropriate rate” means—
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(a) in relation to creamery butter which is exported by a central marketing organisation operating under rules approved by the Minister, the special rate at the time of the export of such butter or, if no special rate is then in force, the general rate at such time;
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(b) in relation to any other creamery butter, the general rate at the time of the export of such butter.
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(4) The Minister may, subject to the provisions of this section, make regulations prescribing the rate of bounty on factory butter, but the rate of bounty so prescribed shall not exceed the rate of the butter duty.
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In this Part of this Act the expression “the appropriate rate” in relation to factory butter means the rate in force at the time of the export of such butter by virtue of regulations under this sub-section or if no such rate is for the time being in force twopence halfpenny per pound.
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(5) The Minister may, subject to the provisions of this section, make regulations prescribing the rate of bounty on farm butter, but the rate of bounty so prescribed shall not exceed the rate of bounty on factory butter.
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In this Part of this Act the expression “the appropriate rate” in relation to farm butter means the rate in force at the time of the export of such butter by virtue of regulations under this sub-section or, if there is no such rate for the time being in force, twopence halfpenny per pound.
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(6) In prescribing the rates of bounty on creamery butter, factory butter and farm butter respectively, the Minister shall have regard to the following matters, namely—
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(a) the amounts credited to and the prospective amounts to be credited to the creamery butter account, the factory butter account and the miscellaneous butter account;
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(b) the existing commitments on such accounts and the prospective payments thereout;
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(c) the quantity of butter in Saorstát Eireann and prospective production and export;
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(d) the average current and prospective prices of butter on the home and outside markets;
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(e) such other matters as the Minister considers relevant.
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