§ The Board of Trade shall, on the application of any employer made within one month after the termination of any calendar year, or other prescribed period of twelve months, refund to such employer out of the unemployment fund a 933 sum equal to one-third of the contributions (exclusive of any contributions refunded to him under any other provisions of this Part of this Act) paid by him on his own behalf during that period in respect of any workman who has been continuously in his service through the period, and in respect of whom not less than forty-five contributions have been paid during the period.
§
Amendment made: At end add,
(2) For the purpose of meeting any change in the period for which any refund of contributions is to be made under the foregoing provisions of this Section, or for the purpose of making provision for any period which may elapse between the date on which contributions commence to be payable under this Part of this Act and the date on which the first period for the refund of contributions under the foregoing provisions of this Section commences, the Board of Trade may, so far as necessary for the purpose, apply the provisions of this Section to any period less than twelve months, subject to such proportionate reduction of the number of contributions required as they direct, and this Section shall take effect as regards any such period less than twelve months as so applied.—[Mr. Buxton.]