Wool (Deficiency Payments) Act 1971
14Amounts of deficiency payments for wool other than P.A.P. wool
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14.—(1.) The amount of a deficiency payment payable in respect of particular wool, otherwise than by reason of the sale of the wool as P.A.P. wool, is a percentage of the sale value of the wool, being the percentage notified in accordance with the last preceding section as the rate of deficiency payments in respect of the base week.
(2.) In this section—
“the base week”, in relation to wool, means—
(a) where the relevant day was in a week in respect of which the Commission is required to determine a percentage in accordance with the last preceding section—that week;
(b) where the relevant day preceded the first week in respect of which the Commission is required to determine such a percentage—that first week; or
(c) in any other case—the nearest week preceding the relevant day that is a week in respect of which the Commission is required to determine such a percentage.
Amount of deficiency payment for P.A.P. wool.