4.
| (1) There shall be an Advisory Committee (hereinafter Committee referred to as the "Committee") appointed by the Minister. whose function it shall be to advise the Minister on the exercise of his powers in terms of the Act. |
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| (2)The Committee shall consist of.
| | (a) the Secretary to the Ministry of the Minister in charge of the subject of Finance, who shall be the Chairman : | | |
| | (b)the Secretary to the Ministry of the Minister in charge of the subject of Commerce : | | |
| | (c)the Secretary to the Ministry of the Minister in charge of the subject of Co-operatives ; | | |
| | (d)the Competent Authority : | | |
| | (e) a representative of the Ministry of the Minister in charge-of the subject of Policy Development : and | | |
| | (f) a representative of the Trade Chambers nominated by the Chamber. | | |
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| (3)The Committee shall discharge the following functions :
| | (a) to advise the Minister on the likelihood of there being a shortage in the supplies of any article essential to the life of the community in Sri Lanka, or on the likelihood of any disruption in the distribution of supplies of such articles, or on the likelihood of any interruption in the maintenance of utility services essential to public life, as a result of the outbreak of armed hostilities outside Sri Lanka : | | |
| | (b)to advise the Minister, in relation to the sale of articles, on
| | | (i) the maximum, wholesale and retail price, above which an article should not be sold ; |
| (ii) the price structure according to which such wholesale or retail prices shall be fixed : |
| (iii)the system of rationing to be adopted ; |
| (iv) the system of purchasing to be adopted; |
| (v) the steps that need to be taken to ensure that the normal market forces and distribution systems come into operation as soon as possible ; |
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| | (c)to advise the Minister, in relation to the provision of utility services, on
| | | (i) the maximum price to be fixed for the supply of any public utility services ; |
| (ii) the formula to be used in setting the price structure according to which the maximum price shall be fixed. |
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Sri Lanka Consolidated Acts