Dairy Produce (Price Stabilisation) Act, 1935
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PART IX. Financial Provisions. | ||
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The dairy produce (price stabilisation) fund. |
41.—(1) As soon as may be after the passing of this Act, the Minister shall establish and thereafter maintain in accordance with this Part of this Act a fund to be styled and known as the dairy produce (price stabilisation) fund. | |
(2) Immediately upon the establishment of the dairy produce (price stabilisation) fund, the butter fund maintained in pursuance of the Dairy Produce (Price Stabilisation) Act, 1932 (No. 10 of 1932), shall be wound up and the amount (if any) then standing to the credit of the said butter fund shall be transferred to and paid into the dairy produce (price stabilisation) fund. | ||
(3) There shall be paid into the dairy produce (price stabilisation) fund all moneys from time to time received by the Minister on foot of any levy under this Act and also all registration fees from time to time received by the Minister under this Act. | ||
(4) There shall be paid out of the dairy produce (price stabilisation) fund— | ||
(a) all bounties from time to time payable under this Act, and | ||
(b) all bounties and other moneys which are payable after the passing of this Act under the Dairy Produce (Price Stabilisation) Act, 1932 , and would be so payable out of the butter fund established under that Act if that fund were then still in existence. | ||
(5) There shall be paid out of the dairy produce (price stabilisation) fund into or for the benefit of the Exchequer, at such times and in such manner as the Minister for Finance shall direct, such amounts as the Minister for Finance, after consultation with the Minister, shall determine to be equivalent to the amounts paid out of moneys provided by the Oireachtas in respect of the salaries and expenses of persons appointed and acting as inspectors for the purposes of Part II of this Act. | ||
(6) It shall be lawful for the Minister to pay out of the dairy produce (price stabilisation) fund such contributions towards any scheme approved of by him for the regulation of the sale of butter as he shall think proper having regard to the financial position of the said fund and the other circumstances of the case. | ||
(7) Whenever the moneys standing to the credit of the dairy produce (price stabilisation) fund are insufficient to meet the payments required or authorised by this section to be made out of that fund, the Minister shall, out of moneys provided by the Oireachtas, pay into the said fund such sums as may be necessary to enable the said payments to be made out of the said fund. | ||
(8) The aggregate amount of all sums paid into the dairy produce (price stabilisation) fund under the next preceding sub-section of this section in any financial year shall, not later than the 31st day of May next after the expiration of such financial year be paid out of the said fund into or for the benefit of the Exchequer in such manner as the Minister for Finance shall direct. |