§ Resolution reported,
§ "That it is expedient—
§ (a) to authorise payment by the Minister of Agriculture and Fisheries, out of moneys provided by Parliament, in respect of sugar and molasses manufac- 1985 tured in Great Britain during the period of eleven months commencing on the first day of October, nineteen hundred and thirty-four, from beet grown in Great Britain of a subsidy at the rates and subject to the conditions hereinafter mentioned, that is to say:
§ Sugar: subsidy to be payable in respect of each cwt. of sugar at the rate at which subsidy would have been payable under the British Sugar (Subsidy) Act, 1925, in respect of that sugar if it had been manufactured during the month of September, nineteen hundred and thirty-four;
§ Molasses:
- (i) if the average market price per cwt. of raw sugar for the last quarter of the year nineteen hundred and thirty-four, as certified by the said Minister, is not less than six shillings—no subsidy to be payable;
- (ii) if the said price as so certified is less than six shillings but not less than five shillings and sixpence—subsidy to be payable in respect of each cwt. of molasses at a rate equivalent to one-sixtieth part of the subsidy which would have been payable under the said Act of 1925 in respect of that molasses if it had been manufactured in the month of August, nineteen hundred and thirty-four, multiplied by the number of one-tenth parts of a penny by which the said price as so certified falls short of six shillings;
- (iii) if the said price as so certified is less than five shillings and sixpence—subsidy to be payable in respect of each cwt. of molasses at the same rate as the subsidy which would have been payable under the said Act of 1925, in respect of that molasses if it had been manufactured in the month of August, nineteen hundred and thirty-four;
- (iv) it shall be a condition that the rate of the subsidy payable under the said Act of 1925 in respect of any molasses manufactured during the
1986 month of September, nineteen hundred and thirty-four, shall be calculated in the manner prescribed in the preceding paragraphs with respect to molasses manufactured during the eleven months commencing on the first day of October, nineteen hundred and thirty-four;
§ (b) to make such incidental provisions, including provisions for the making of advances in respect of the subsidy on molasses pending the certification of the average market price of raw sugar, as are necessary or expedient in relation to the matters aforesaid."
§ Resolution agreed to.
§ Bill ordered to be brought in upon the said Resolution by Mr. Elliot, the Chancellor of the Exchequer, and Sir Godfrey Collins.