That it is expedient—
(a) to authorise the payment by the Minister of Agriculture and Fisheries, out of moneys provided by Parliament, in respect of sugar manufactured in Great Britain during the period of twelve months beginning on the first day of September, nineteen hundred and thirty-five from beet grown in Great Britain,
of a subsidy at the following rates and subject to the following conditions, that is to say—
§ (i) in respect of sugar manufactured while the market price of imported sugar, as determined by the Minister, is four shillings and six pence per hundredweight, the rate to be—
|for sugar of a polarisation exceeding 98 degrees||5s. 0d.|
|exceeeding 76 degrees and not exceeding 77 degrees||2s 5.7d.|
|exceeding 77 degrees and not exceeding 98 degrees||Intermediate rates varying between 4s. 7.2d. and 2s. 6.7d.|
§ (ii) in respect of sugar manufactured while such market price is more or less than four shillings and six pence per hundredweight, the rate to be the above rate decreased or increased, as the case may be, by one-sixtieth for every penny or part of a penny by which such market price exceeds or falls short of four shillings and six pence;
§ (iii) The subsidy to be payable subject to the conditions subject to 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 1678 August, nineteen hundred and thirty-five;
§ (b) to make such incidental provisions 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 the Chancellor of the Exchequer, Sir Godfrey Collins, Mr. Elliot, and Mr. Duff Cooper.