Sri Lanka Consolidated Acts

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Rubber Replanting Subsidy (Amendment) Act (No. 31 of 1966) - Sect 3

Amendment of section 3 of the principal Act

2. Section 3 of the principal Act is hereby amended as follows : -
(a) in subsection (1) of that section-
(i) in paragraph (a) of that subsection, by the substitution, for the words " date ; and ", of the word " date ; " ;
(ii) by the relettering of paragraph (b) of that subsection as paragraph (d) ;
(iii) by the insertion, immediately after paragraph (a) of that subsection, of the following new paragraphs : -
" (b) the sum of two hundred and eighty-two thousand three hundred and thirty-seven rupees and forty-nine cents constituting the balance of the fund known as the Fund of the Capital Compensation Scheme ;
(c) the profits made by the Rubber Controller by the sale of rubber plants and fertilizers for the replanting of rubber plants ; " ;
(iv) in the relettered paragraph (d) of that subsection, for the word "Act.", of the words " Act; and " ; and
(v) by the addition, immediately after paragraph (d) of that subsection, of the following paragraph: -
" (e) such sums as may from time to time be advanced to the fund from the Consolidated Fund of Ceylon in accordance with the provisions of subsection (1) of section 2A. " ; and
(b) in subsection (2) of that section-
(i) by the insertion, immediately after paragraph (a) of that subsection, of the following new paragraph : -
" (aa) such amount as may be authorized from time to time by the Minister to be paid to the credit of the Tea Subsidy Fund established under the Tea Subsidy Act, No. 12 of 1958 ;", and
(ii) by the substitution, in paragraph (c) of that subsection, for the words " payment of gratuities ", of the words " payment of gratuities or such sums to the Consolidated Fund for the payment of pension ".


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