2.
| (1) Notwithstanding anything in the Paddy Marketing Board Act, No. 14 of 1971, or any other written law, it shall be lawful for the Paddy Marketing Board or any authorized purchaser thereof to deduct from the amount payable to a producer for the paddy sold to such Board or authorized purchaser an amount as shall be prescribed by the Minister in respect of the paddy so sold. |
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| (2) The amount so deducted under subsection (1) from moneys payable to a producer shall be deposited by such Board or authorized purchaser in a prescribed bank in the area within which such producer resides to be credited to a savings account in the name of such producer. |
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| (3) Interest at the prescribed rate shall be paid on such sums deposited in accordance with the provisions of subsection (2) and lying to the credit of the savings account of each producer. |
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Sri Lanka Consolidated Acts