Section 20: Reserve Fund
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
20. Reserve Fund
(1) The Board shall maintain a Reserve Fund which shall consist of—
(a) —
(b) such sums as the Minister may direct to be credited from the
General Insurance Account and the Fire Insurance Account; and
(c) the amount of any special duty leviable under section 50 (1).
(2) No drawing shall be made from the Reserve Fund except—
(a) to provide compensation payable in respect of loss in excess of
35 per cent where the overall loss in production in any crop year
exceeds 35 per cent of the total amount of insurable sugar for
that crop year; or
(b) to meet expenditure incurred for the insurance of any liability
payable out of the Fund.