Dairy Produce (Price Stabilisation) (Amendment) Act, 1941

Provisions in relation to central marketing organisations.

9.—(1) In this section the expression “authorised body” means a central marketing organisation operating under rules approved, whether before or after the passing of this Act, by the Minister under the Principal Act.

(2) The following provisions shall have effect in relation to every authorised body, that is to say:—

(a) the Minister may pay all or so much of the expenses of such body as he thinks fit out of the dairy produce (price stabilisation) fund,

(b) the Minister, with the consent of the Minister for Finance, may guarantee the repayment of any sum borrowed by such body and may pay any sum required from him in fulfilment of such guarantee out of the dairy produce (price stabilisation) fund,

(c) the total amount of the sums standing at any particular time guaranteed under the immediately preceding paragraph shall not exceed five hundred thousand pounds,

(d) such body shall keep all such accounts as the Minister directs and shall, within three months after the end of each financial year, prepare and transmit to the Comptroller and Auditor-General a statement of accounts in respect of that year in such form as the Minister directs,

(e) the Comptroller and Auditor-General shall audit, certify, and report upon every statement of accounts so transmitted, and

(f) every such report of the Comptroller and Auditor-General, together with the statement of accounts to which it relates, shall be transmitted by him to the Minister and the Minister shall cause them to be laid before Dáil Eireann as soon as conveniently may be.