1Cotton Industries Bounty Act 1930

COTTON INDUSTRIES BOUNTY.

No. 13 of 1930.

An Act to provide for the Payment of Bounties on the Production of Seed Cotton, Lint and Cotton Yarn, and for other purposes.

[Assented to 8th July, 1930.]

Preamble.

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

1. This Act may be cited as the Cotton Industries Bounty Act 1930.

Repeal.

2.—(1.) The Cotton Bounty Act 1926 is, subject to this section, repealed.

(2.) The provisions of the Cotton Bounty Act 1926 shall remain in force to the extent necessary to authorize payment of bounty on—

(a) seed cotton grown in Australia, delivered to a place appointed under that Act, and graded as prescribed by that Act, prior to the commencement of this Act; and

(b) cotton yarn manufactured in Australia prior to the commencement of this Act and in the manufacture of which not less than fifty per centum of Australian-grown cotton has been used,

and upon which bounty has not been paid prior to such commencement.

(3.) All the provisions of the Cotton Bounty Act 1926 shall remain in force in respect of the payment of bounty under the last preceding sub-section, and shall, so far as applicable, extend to, and be deemed to authorize, the payment of bounty upon cotton yarn manufactured in Australia the materials used in the manufacture of which consist, to the extent of at least ninety per centum, of Australian grown cotton, and, in the remainder, of cotton imported by the manufacturer prior to the first day of April One thousand nine hundred and thirty.

Definition.

3.—(1.) In this Act, unless the contrary intention appears—

“appointed place” means a place appointed by the Minister, by writing under his hand, to be a place where seed cotton may be weighed, examined and graded for the purposes of this Act.

(2.) Any reference to a Schedule shall be read as a reference to a Schedule to this Act.

Appropriation.

4. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, the bounties specified in this Acts

Limit of amount of bounty.

5.—(1.) The total amount of bounty authorized to be paid under this Act in any one financial year shall not exceed Two hundred and sixty thousand pounds.

(2.) When the maximum amount of bounty which may be paid in any year in respect of seed cotton or cotton yarn, as the case may be, has not been paid in that year, the unpaid balance, or any part thereof, may be paid in any subsequent year in respect of seed cotton or cotton yarn, as the case may be, in addition to the maximum amount for that year.