2. Section 16 of the Industrial Products Act, hereinafter referred to as the "principal Act", is hereby amended as follows : -
| (a) in subsection (1) of that section, by the substitution, for the expression " section 13 ", of the expression " section 13 or section 18A " ; |
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| (b) in paragraph (a) of subsection (2) of that section, by the substitution, for the words " which will be delivered on surrender of that warrant;", of the words " to which that warrant relates ; " ; |
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| (c) by the insertion, immediately after subsection (3) of that section, of the following new subsection : -
| | " (3A) A delivery warrant-
| | | (a) shall, as soon as practicable after its issue, be surrendered by the person to whom it was issued or his authorized agent to the registered manufacturer or stockist whose name is specified therein ; and |
| (b) shall, upon such surrender, be endorsed by such manufacturer or stockist with the date or dates, within the period of the validity of the warrant, on which the quantity, or any part of the quantity, of the grade of the local product specified in the warrant will be available for delivery to such person or his authorized agent." ; |
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| (d) by the repeal of subsection (4) of that section and the substitution therefor of the following new subsection: -
| | " (4) A delivery warrant which is issued in respect of any grade of any local product and is endorsed as required by subsection (3A) by the registered manufacturer or stockist whose name is specified therein shall,-
| | | (a) if such quantity of that grade of that local product as is specified in such endorsement is available for delivery on the date so specified, be sufficient authority for the person to whom that warrant is issued or his authorized agent, on surrender of that warrant on that date, to obtain at the place specified therein delivery of such quantity of that grade of that local product as is so specified from the stocks of such manufacturer or stockist; or |
| (b) if only a part of such quantity of that grade of that local product as is specified in such endorsement is available for delivery on the date so specified, be sufficient authority for the person to whom that warrant is issued or his authorized agent, on surrender of that warrant on that date, to obtain at the place specified therein delivery of such part of that quantity, and to obtain delivery of the balance of such quantity at such places and on such other dates as may be specified by any subsequent endorsement made on such warrant by such manufacturer or stockist; or |
| (c) if such quantity of that grade of that local product as is so specified is not available for delivery on that date, or is so available but such person or his authorized agent is unable to take such delivery on that date, be sufficient authority for such person or his authorized agent, to obtain at such place delivery from such stocks of such quantity of that grade of that local product as is so specified, on the surrender of that warrant on such other date as may be specified by any subsequent endorsement made on such warrant by such manufacturer or stockist or the Controller either of his own motion or at the request of such person or his authorized agent." and |
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| (e) by the repeal of subsection (5) of that section. |
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Sri Lanka Consolidated Acts