CELLULOSE ACETATE FLAKE BOUNTY.

No. 33 of 1961.

An Act to amend the Cellulose Acetate Flake Bounty Act 1956-1959.

[Assented to 2nd June, 1961.]

BE it enacted by the Queen’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 and citation.

1.—(1.) This Act may be cited as the Cellulose Acetate Flake Bounty Act 1961.

(2.) The Cellulose Acetate Flake Bounty Act 1956-1959 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Cellulose Acetate Flake Bounty Act 1956-1961.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

3. After section three of the Principal Act the following section is inserted:—

Extension of period in respect of which bounty is payable.

3a.—(1.) The Governor-General may, by Proclamation, declare that the period commencing on the first day of July, One thousand nine hundred and sixty-one, and terminating on such date as is specified in the Proclamation (being a date not later than the thirty-first day of December, One thousand nine hundred and sixty-one), is a period to which this Act applies.

“(2.) At any time before the terminating date specified in a Proclamation made in pursuance of the last preceding sub-section, the Governor-General may, by further Proclamation, amend that first-mentioned Proclamation by substituting for that terminating date a date earlier than that terminating date, but not earlier than the date on which the further Proclamation is published in the Gazette, and, upon the publication of the further Proclamation in the Gazette, that first-mentioned Proclamation shall have effect, and be deemed at all times to have had effect, as so amended.

“(3.) For the purposes of this Act, a period declared in pursuance of this section to be a period to which this Act applies shall be deemed to be, and at all times from the commencement of that period to have been, a year to which this Act applies.”.

Limit of annual bounty.

4. Section eight of the Principal Act is amended—

(a) by omitting from sub-section (1.) the words “The amount” and inserting in their stead the words “Subject to the next succeeding sub-section, the amount”; and

(b) by inserting after that sub-section the following sub- section:—

“(1a.)The amount available for payment of bounty in respect of cellulose acetate flake sold in a period deemed by virtue of section three a of this Act to be a year to which this Act applies is the amount which bears to One hundred and forty-two thousand pounds the same proportion as that period bears to twelve months.”.