Finance (Customs Duties) Act, 1932

Price certificates.

2.—(1) The Minister for Agriculture may from time to time make a certificate (in this Act referred to as a price certificate) certifying in relation to any country the average price (exclusive of any import duty for the time being payable thereon) in the London and Liverpool markets during such period previous to the making of such certificate as the said Minister shall select, of bacon of first grade the produce of such country and whenever any such certificate is made in relation to any country then the price so certified in relation to such country in such certificate shall, in respect of the period during which such certificate is in force in relation to such country, be for the purposes of this Act and the Schedule hereto the certified price of bacon the produce of such country.

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

(a) the first such price certificate shall come into force on the date on which it is made;

(b) every subsequent price certificate shall come into force on the fourth day following the making thereof;

(c) every price certificate so far as it relates to any particular country shall continue in force until whichever of the following events first happens, that is to say:—

(i) the revocation of such price certificate so far as it relates to that particular country,

(ii) the coming into force of a new price certificate in relation to that country;

(d) a price certificate may relate to any one or more countries.

(3) The Minister for Agriculture may by order revoke a price certificate either wholly or in so far only as it relates to one or more specified countries.

(4) The prices required for the purposes of a price certificate shall be ascertained by the Minister for Agriculture by reference to such information as may be available to him and as in his opinion fairly represents the said prices.

(5) Every price certificate made by the Minister for Agriculture under the Customs Duties (Bacon) (Provisional Imposition) Order, 1931, shall for the purposes of this Act be deemed to have been made under this section and this Act shall be construed and have effect accordingly.