Sugar Manufacture (Amendment) Act, 1962

Payment of dividends, etc., into Exchequer.

8.—There shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister thinks fit:

(a) dividends, bonus, net proceeds of sales and other moneys received by the Minister in respect of shares of the Company or an approved subsidiary company,

(b) moneys recovered by the Minister in repayment of or as interest on moneys paid by him under any guarantee given by him under Part II of the Principal Act in respect of the moneys secured by debentures issued by the Company,

(c) moneys which are recovered by the Minister in repayment of or as interest on moneys advanced by him under section 4 of this Act or are repaid to or recovered by him under subsection (5) or subsection (7) of section 5 of this Act.