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Thursday, 5 December 1974
Page: 3221

(a)   by omitting all the words preceding paragraph (e) and substituting the following words:-

40.   Without limiting the generality of sub-section (4) of section 20, the powers of the Corporation for the purposes of the performance of its functions include power to-

(a)   inspect and appraise wool presented for sale at auction;

(b)   buy and sell wool at auction or otherwise, export wool and enter into transactions in relation to the buying and selling of wool, including transactions by way of wool futures contracts;

(c)   process, or arrange for the processing, of wool:

(d   ) buy, sell and export wool products: '; and

(b)   by adding at the end thereof the following subsection:

(2)   The Corporation shall not enter into transactions by way of wool futures contracts except in accordance with an approval of the Minister. '.

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