24. (1) Subject to the provisions of section 28, the registered
proprietor of each estate and small holding shall be entitled to receive
from the Controller during any period of control coupons representing
the quantity of rubber which may be exported in respect of that
estate or small holding during that period :
Provided that pending the determination of any appeal against
the decision of the Controller under section 18 regarding the right of
any person to be the registered proprietor of an estate or small holding,
the Controller may defer the issue of coupons or provisional coupons
in respect of that estate or small holding.
(2) A coupon shall not be valid after the thirty-first day of
December of the year of control in which it is issued.
25. A coupon or a provisional coupon issued under this Ordinance
shall authorise the export from the Island of an amount of rubber
equal to the amount represented by such coupon or provisional coupon.
26. (1) In anticipation of the determination of the exportable
maximum of any estate or small holding in the first year of control:,
the Controller may issue to the registered proprietor, of that estate or
small holding provisional coupons at such times and in such quantities
as the Controller may in his discretion deteimine in respect of the
amount estimated by him to be the probable exportable maximum
of that estate or small holding for that year of control.
(2) Provisional coupons shall be valid for a period of two months
reckoned from the first day of June, 1934, and may be exchanged, on
application to the Controller or, to such officer as the Controller may
direct and within such period as the Controller may determine, for other
coupons issued under this Ordinance representing a quantity of rubber
equivalent to that represented by the provisional coupons exchanged.
27. In anticipation of the determination of the exportable maxi-
mum of any estate or small holding in the first or any subsequent year
of control, the Controller may issue to the registered proprietor of
that estate or small holding coupons at such times and in such quantities
in respect of the amount estimated by him to be the probable exportable
maximum of that estate or small holding for that year of control.
28. The amount represented by provisional coupons issued under
section 26 and coupons issued under section 27 shall be deducted from
the amount for which coupons may be issued under section 24.
29. (1) Nothing contained in this Ordinance shall be deemed to
render illegal the transfer or sale of coupons or provisional coupons
by one person' to another.
(2) Every coupon and every provisional coupon issued under this
Ordinance shall be deemed to be a valuable security within the meaning
of the Ceylon Penal Code.
Extracted from the Book Rubber Regulation Legislation and Rules published in 1934 June by The Rubber Growers Association, London, UK. |