§ That, for the purposes of any Act of the present Session to provide for the establishment of a Sugar Board, and for other related purposes, it is expedient—
- (a) to authorise the levying, in the United Kingdom and in the Isle of Man, of a surcharge on sugar and molasses becoming chargeable with customs or excise duty, and on sugar or molasses used in the manufacture or preparation of imported goods which become so chargeable;
- (b) to authorise the levying as aforesaid of sums to be paid to the Sugar Board established under the said Act, as counterparts to distribution, payments to be made by that Board in respect of such sugar and molasses as are mentioned in the preceding paragraph in the event of a suspension of the surcharge referred to in that paragraph:
- (c) to provide for the raising of money by the Treasury, in any manner in which they are authorised to raise money under the National Loans Act, 1939, for the purpose of providing sums (or any part of sums) to be issued out of the Consolidated Fund by virtue of the said Act or of providing for the replacement of all or any part of sums so issued:
- (d) to provide for the payment into the Exchequer of any sums required by the said Act to be so paid, being—
- (i) interest on, or repayments of, sums advanced to the said Board, or
- (ii) sums retained by the Commissioners of Customs and Excise, out of the proceeds of the said surcharge, in respect of their expenses incurred in pursuance of the said Act, or
- (iii) repayments of sums issued to the Treasury for the purpose of fulfilling guarantees given under the said Act.