Dairy Produce (Price Stabilisation) Act, 1932

Special rate of levy.

7.—(1) The Minister may make regulations prescribing the special rate for the purposes of a levy on butter under this Act, but the special rate prescribed by any such regulations shall not exceed the general rate, nor in respect of the period commencing on the date of the passing of this Act and ending on the 31st day of March, 1933, be less than twenty-five per cent. of the general rate, nor, in respect of the year ending on the 31st day of March, 1934, be less than fifty per cent. of the general rate, nor in respect of the year ending on the 31st day of March, 1935, be less than seventy-five per cent. of the general rate.

(2) In this Act the expression “the special rate” means the rate for the time being in force by virtue of regulations under this section, or if no such rate is for the time being in force, one halfpenny per pound.