Agricultural Produce (Cereals) (Amendment) Act, 1958

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Purchase and sale of wheat by the Board.

6.—(1) The Board shall purchase in each year such quantities of wheat (if any) as the Minister may determine from time to time, after consultation with the Minister for Industry and Commerce, to be surplus to the requirements of the licensed millers and shall sell such wheat either in or outside the State at such time or times and for such price or prices as in the opinion of the Board will give the Board the most favourable return in relation to such wheat.

(2) For the purposes of this section the Board may arrange for the purchase and sale of wheat on its behalf by agents (including wheat purchasers) and may make such advances and on such terms as it thinks proper to its agents for the purpose of financing the purchase of wheat on its behalf.