Pigs and Bacon Act, 1937

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Surrender of licences by licensees in consideration of payments by the Bacon Marketing Board.

40.—(1) The Board and the licensee in respect of any premises may, but not later than the 31st day of March, 1938, enter into an agreement whereby such licensee, in consideration of a specified sum to be paid to him by the Board, agrees to surrender the licence in respect of such premises.

(2) Upon the execution of any agreement under this section, the Board shall inform the Minister thereof, and the Minister shall revoke the licence to which such agreement relates with effect as on and from the date of execution.

(3) Any moneys payable by the Board under an agreement made under this section shall be paid out of the Bacon Marketing Fund.