AGRICULTURAL MARKETING CORPORATION
THE AGRICULTURAL MARKETING
ARRANGEMENT OF SECTIONS
PART I. Preliminary
1. Short title.
PART 11. Establishment and powers of the Corporarion
3. Establishment of Agricultural Marketing Corporation.
4. Functions of the Corporation.
5. Policy directions.
6. Appohtment as agent.
PART 111. Financial Provisions
7. Application of revenues.
8. Borrowing powers.
9. Advances, grants and guarantee of borrowings.
10. Repayment of, and interest on, advances and sums issued to
12. Accounts and audit.
13. AM^ Report and Estimates.
14. Exemption from income tax and stamp duty.
PART N. Transfer of msets and liabilities
15. Transfer of assets and liabilities.
16. Restriction on alienation of certain property,
me inclusion of this page is authorizsd by LN. 480119731
2 AGRICULTURAL MARKETING CORPORATION
PART V. Sru8
17. Appointment of chief executive officer, secretary and other
18. Pension scheme and other regulations.
19. Transfer of officers to the Corporation.
20. Transfer of other employees to the Corporation.
21. Retirement, etc., of transferred employees.
servants and agents.
. . . .. . . . . .
.. . . . . . . . .~ ..
me inclusion of Ulir page b authorized by L.N. 480/19731
AGRICULTURAL MARKETING CORPORATION 3
THE AGRICULTURAL MARKETING A&
27 of 1963,
12 or 1976, CORPORATION ACT
3 Of 1978.
[Is? December, 1963.1
PART I. Preliminary
1. This Act may be cited as the Agricultural Marketing Short title.
2. In this Act- Interprela-
“agricultural produce” includes livestock, poultry, fish
and the produce of any plant or animal;
“chairman” means the chairman of the Corporation
and includes any person appointed to act tem-
porarily as chairman;
“the Corporation” means the Agriculturzl Marketing
Corporation established under this Act;
“functions” includes powers and duties;
“the vesting day” has the meaning assigned to that
expression by section 15.
PART II. Eszublishment and powers of the Corporation
3.--(1) There shall be established for the purposes of this Ei;pE;h-
Act a body to be called the Agricultural Marketing Corpo- Agricultural
(2) The provisions of the Schedule shall have effect Schedule.
as to the constitution of the Corporation and otherwise in
4.-(1) The Corporation shall have power to establish ~ ~ ~ ; ; $
and maintain an efficient system of marketing for agricul- tion.
tural produce by securing the most favourable arrange-
[The inclusion of this page is authorized by L.N. 50j19791
4 AGRICULTURAL MARKETING CORPORATION
ments for the purchase, handling, sale and exportation of
(2) Subject to the provisions of this Act, the Corpo-
ration may, for the purpose of exercising or discharging
any of its functions under this Act, do anything and enter
into any transaction which, in the opinion of the Corpora-
tion is necessary to ensure the proper exercise or discharge
of its [unctions.
(3) In particular and without prejudice to the
eenerality of the provisions of subsections (1) and (2) the
Corporation shall have power-
(a) to provide and maintain adequate marketing out-
lets for agricultural produce;
(b ) to buy and sell agricultural produce;
(c) to provide for the collection, transportation,
storage, grading, packing and processing of
(d) to import and export agricultural produce.
5. The Minister may, after consultation with the chair-
man, give to the Corporation directions of a general
character as to the policy to be followed in the exercise or
discharge of its functions in relation to matters appearing
to him to concern the public interest, and the Corporation
shall give effect to any such directions.
Appomi- 6. The Corporation may be appointed to be an agent of
the Government or any person. mcnt as nsmt.
PART 111. Financial Provisions
7. The revenues of the Corporation shall be applied for
the purposes authorized by this Act or by any other enact-
ment relating to the functions of the Corporation.
uf r : v m x s .
Khe inclusion of this pago is authorized by LN. 50/19791
AGRICULTURAL MARKETING CORPORATION 5
8 - 4 1 ) Subject to the provisions of subsection (2) the Borrowing
powers. Corporation may borrow sums required by it for meeting
any of its obligations or discharging any of its functions.
(2) The power of the Corporation to borrow shall be
exercisable only with the approval of the Minister after
consultation with the Minister responsible for finance
as to the amount, as to the sources of the borrowing and as
to the terms on which the borrowing may be effected. An
approval given in any respect for the purposes of this sub-
section may be either general or limited to a particular
borrowing or otherwise, and may be either unconditional
or subject to conditions.
9.-(1) The Minister may from time to t h e make Advances,
advances and grants to the Corporation out of moneys waranlee
provided by Parliament for the purpose.
(2) With the approval of the House of Representa-
tives, the Minister responsible for finance may guarantee,
in such manner and on such conditions as he may think fit,
the repayment of the principal and the payment of interest
on any authorized borrowings of the Corporation made
otherwise than by way of advance under subsection (1).
(3) Where the Minister responsible for finance is
satisfied that there has been default in the repayment of any
principal moneys or in the payment of interest guaranteed
under this section, he shall direct the repayment, or, as the
case may be, the payment, out of the Consolidated Fund
and assets of the Island of the amount in respect of which
there has been such default.
10. The Corporation shall make to the Accountant- Repayment
General, at such times and in such manner as the Minister intHzston,
may direct, payments of such amounts as may be so di- ;:Tgzs
rected in or towards repayment of advances made to the issuedto
Corporation under section 9, and of any sums issued in ;:&tes.
me indusion of this page is authorized by L.N. 4801W731
6 AGRICULTURAL MARKETlNG CORPORATION
fulfilmen! of any guarantee given thereunder. and payments
of interest on any sum outstanding for the time being in
respect of such advances and of any sums so issued at such
rates as the Minister may direct, and different rates of
interest may be directed as respects different advances or
sums and as respects interest for different periods.
Reservcs 11.-(1) The Corporation shall establish and maintain
such reserves as it considers necessary.
(2) The management and application of the said
reserves and the sums to be carried from time to time to
the credit thereof shall be as the Corporation may deter-
Provided that except with the prior approval of the
Minister after consultation with the Minister responsible
for finance no part of the reserves shall be applied
(whether by way of investment or otherwise) for the pur-
poses of any business or undertaking other than the
activities of the Corporation mentioned in subsection (1)
of section 4.
Accounts 12.-(1) The Corporation shall keep proper accounts and
other records in relation to its business and shall prepare
annually a statement of accounts in a form satisfactory
to the Minister, being a form which shall conform with
established accounting principles.
(2) The accounts of the Corporation shall be
audited by an auditor or auditors appointed annually by
the Corporation and approved by the Minister.
A M U ~
13.41) The Corporation shall prepare and present to
the Minister within three months after the expiration of
each financial year of the Corporation a report-
(a) dealing generally with the activities of the Cor-
poration during its last preceding financial year;
(The inclusion of this page is authori2ed by L.N. 480/19731
AGRICULTURAL MARKETING CORPORATION 7
(6) containing such information relating to the pro-
ceedings and policy of the Corporation as in its
opinion can be made public without detriment
to the interests of the Corporation; and
(c) including a statement of its accounts audited in
accordance with the provisions of section 12.
(2) The Minister shall cause a copy of the report
together with the annual statement of accounts and the
auditor’s report thereon to be laid on the Table of the
House of Representatives and of the Senate.
(3) Copies of the Corporation’s report together
with the annual statement of accounts and the auditor’s
report on that statement or on the accounts of the Corpo-
ration shall be published in such manner as the Minister
(4) The Corporation shall, not less than three
months (or such shorter period as the Minister may in any
particular case allow) before the expiration of each
financial year of the Corporation, submit to the Minister
for approval its estimates of revenue and expenditure in
respect of its next succeeding financial year.
14.41) The income of the Corporation shall be exempt Excmption
from income tax. tax and
(2) All instruments executed by or on behalf of the
Corporation shall be exempt from stamp duty.
PART IV. Transfer of assets and liabilities
15. Upon a day to be appointed by the Minister by notice Transferof
assets and in the Gazetfe’ (hereafter in this Act referred to as “the liabilities.
vesting day”) by virtue of this section and without further
assurance all such assets and liabilities as may be specified
in the notice aforesaid, being-
*By legal notice No. 325/1963. the 1st December, 1963. was appointed. - .~
rrhe inclusion of this ~ s g c is authorized by L.N. 57/19801
8 AGRICULTURAL MARKETiNG CORPORATION
(a) property of the Government vested in the Com-
missioner of Lands or the Accountant-General, as
the case may be, and occupied, utilized or enjoyed
by the Marketing Department immediately before
the vesting day;
(b) debts owing to the Government by virtue of the
operations of the Marketing Department; and
(c) liabilities of the Government in respect of the
shall be transferred to and vested in the Corporation.
16. The Corporation shall not without the approval of
the Minister alienate, mortgage, charge or demise any h-
movable property transferred to and vested in the
Corporation under section IS.
PART V. Stufl
17. Subject to the provisions of this Part the Corpora-
tion may appoint and employ at such remuneration and on
such terms and conditions as it thinks fit a chief executive
officer and a secretary and such other servants and agents
as it thinks necessary for the proper performance of its
Provided that the prior approval of the Minister shall
be necessary for-
(U) the appointment of any person to the post of chief
executive officer or to any other post at a salary
in excess of $8,000 per annum;
(b) the dismissal of the chief executive officer; and
(c) the assignment to any post of a salary exceeding
$5,OOO per annum.
18.41) It shall be lawful for the Corporation, with the
approval of the Minister responsible for the public service,
to make regulations establishing schemes for pensions, gratu-
m e inclusion of this pace is authorized by L.N. 57119801
r i m of
AGRICULTURAL MARKETING CORPORATION
ities and other retiring benefits in respect of the servants of
the Corporation and such regulations may include provisions
for the grant of benefits to the dependants or the legal
personal representatives of such servants.
(2) The Corporation shall also have power to make
regulations relating to the appointment, dismissal, disci-
pline, hours of employment, pay and leave of its servants.
1 9 . 4 ) Subject to the provisions of this section the Cor- Transferof
0fEcers to poration may on the vesting day accept the services of any theCor-
person who immediately before that day was employed in Pration.
the Marketing Department as the holder of a post declared
to be pensionable or non-pensionable within the meaning
of the Pensions Act and such persons shall be deemed to
be seconded from the service of the Government to the
service of the Corporation; and any person whose services
are so accepted is in this section referred to as an “officer”.
(2) The Governor-General may at any time deter-
mine the secondment of an officer.
(3) The Corporation shall within twelve months
from the vesting day give to every officer then in its em-
ployment by virtue of subsection (1) notice in writing-
(U) offering him employment on such terms as may
be agreed upon between the Minister and the
( b ) of the intention of the Corporation to request the
Governor-General to determine his secondment,
and the secondment of every officer shall unless sooner
determined cease upon the expiration of eighteen months
from the vesting day.
(4) The Corporation shall not offer employment to
any officer except upon terms and conditions certified
under the hand of the Chief Personnel Officer to be in his
opinion not less favourable than those enjoyed by the
officer in his substantive post at the date of such offer.
me inclusion ol this cage is authorized by L.N. 57119801
10 AGRICULTURAL MARKETING CORPORATION
(5 ) The Chief Personnel Officer shall not decline so
to certify the terms and conditions comprised in any offer
merely because they are not in all respects identical with
or superior to the terms and conditions enjoyed by the
officer concerned in his substantive post at the date of
such offer, if the Erst mentioned terms and conditions,
taken as a whole, in the opinion of the Chief Personnel
Officer offer substantially equivalent or greater benefits.
(6) When an officer accepts an offer of employment
made in pursuance of this section his service with the
Corporation shall be deemed to have commenced, and his
service with the Government to have ceased, either-
(a) at the date of the acceptance of the offer; or
(b ) upon the expiration of the period of one year
from the vesting day,
whichever is the earlier date.
(7) A contributor making payments in pursuance of
the Pensions (Civil Service Widows and Orphans) Act (now
repealed) whose service with the Corporation has com-
menced, and whose service with the Government has ceased,
by virtue of subsection (6), may, from the date of the com-
mencement of his service with the Corporation, continue to
make such payments calculated on the salary he was receiv-
ing while in the service of the Government, at the same
rate and subject to the same terms as if he had continued
in the service of the Government at that salary. In the
event of his ceasing to contribute, or in the event of any
contribution due from him not having been paid for six
months, his widow, or his widow and pensionable children,
or his pensionable children, as the case may be, shall be
entitled, after the death of such contributor, only to a
pension computed on the basis of the interest acquired by
such contributor at the date of the commencement of his
[The inclusion of this page is authorized by LN. 57119801
AGRICULTURAL MARKETIhIG CORPORATION I1
service with the Corporation or of his ceasing to contribute.
in accordance with the rule laid down in section 8 of
the Pensions (Civil Service Family Benefits) Act.
(8) In the exercise of any powers conferred upon
him by this section, the Governor-General shall act on
the advice of the Public Service Commission.
20. Subject to the provisions of section 21 the Corpora- Transfer
tion may on the vesting day employ in its service, on such enlpioyeer
terms and conditions as the Corporation may determine, Corpora.
any person (other than an officer within the meaning of tion.
section 19) in the employment of the Government and serv-
ing in the Marketing Department immediately before the
vesting day, and every person so employed by the Corpora-
tion shall thereupon cease to be employed by the Govem-
21.-(1) Where any person who, having been employed ~etimmt,
by the Corporation in accordance with the provisions of rransferred
section 20, retires from or dies in the service of the Cor- mP1oYces
poration in circumstances in which, if his service with
the Corporation had been service with the Government he
or his dependants or legal personal representatives would
have been eligible for the grant of a pension, gratuity or
other allowance, the Corporation may, with the concur-
rence of the Minister, grant to him or his dependants or
legal personal representatives a pension, gratuity or other
allowance, not exceeding that for which he or his depen-
dants or legal personal representatives would have been
eligible if his service with the Corporation had been service
with the Government.
(2) The Government shall pay to the Corporation in
respect of any pension, gratuity or other allowance granted
undei subszction (1) a contribution equal to such propor-
tion of the pension, gratuity or other allowance as the term
[The inclusion of this page is authorized by L.N. 50119791
12 AGRICULTURAL M A R KETING CORPORATION
of service of the employee with the Corporation bears to
the total term of his service with the Government and the
(3) Nothing in this section shall be construed as
preventing the Corporation from granting, in its discretion,
any sum or sums to or in respect of any such employee by
way of pension, gratuity or other allowance in addition to
any pension, gratuity or other allowance granted under the
provisions of subsection (I) , but the Government shall not
be required to make any contribution towards any such
additional sum so granted.
[The inclusion of thir page is authorized by L.N. 50119791
AGRICULTURAL MARKETING CORPORATION 13
SCHEDULE (Section 3)
1. The Corporation shall consist of such number of persons, not Constitution
being less than three nor more than eleven, as the Minister may from ration.
2. The members of the Corporation shall be appointed by the Appoinl.
Minister by instrument in writing and. subject to the provisions of this mcntof
Schedule, shall hold office for such period not exceeding three years, members.
as the Minister may direct. but shall be eligible for reappointment.
member of the corporation ~ 8 0 long as he is a Senator or a Member cation.
time to time determine. 121 1976
3. A person shall be disqualified for being appointed or being a Disqualifi-
4. The Minister shall appint one of the members of the Corporation Chairman.
to be the chairman thereof.
5. The Minister m y grant to any member of the Corporation leave ~aaveof
of absence in respect of hi8 duties as a member of the Corporatim absence.
6. If the chairman or any other member of the Corporation is absent ~ ~ t i n g
or unable to act, the Minister may appoint any person to act in the appoint-
place of the chairman or such other member. ments.
7. (1) Any member of the Corporation, other than the chairman, Rsignn-
may at any time resign his oEce by instrument in writing addressed to iions.
[he Minister and transmitted through the chairman, and from the date
of receipt by the Minister of such instrument, such member shall cease
to he a member of the Corporation.
(2) The chairman may at any time resign his office by instrument
in writing addressed to the Minister and such resignation shall take
effect as from the date of the receipt by the Minister of such instru-
8. The Minister may at any time revoke the appointment of any Rcvocation
9. The names of all members of the Corporation as first constituted Gazetting
member of the Corporaiion if he thinks it expedient so to do.
and every change in the membership thereof shall be published in the
succession and a common seal with power to acquire, hold and, subject !ion.
to the provisions of section 16 of this Act, dispose of land and other
properly of whatever kind.
(2) The seal of the Corporation shall be kept' in the custody of
the chairman or the secretary and shall be affixed to instruments pur-
suant to a resolution of the Corporation in the presence of the chairman
or any other member of the Corporation and the secretary.
10. (1) The Corporation. shall be a body corporate having perpetual Inncorpora-
F c inclusioq of this page is authorized by L.N. 31(1977j
14 AGRICULTURAL MARKETING CORPORATION
(3) The seal of the Corporation shall be authenticated by the
signatures of the chairman or any other member authorizcd to act in
that behalf and the secretary, and shall be officially and judicially
(4) AI1 documents, other than those required by law to be under
seal, made by, and all decisions of, the Corporation may be signified
under the hands of the chairman, or any other member authorized to
act in that behalf, and the secretary of the Corporation.
and may for all purposes be described by such name.
. ( 5 ) The Corporation may sue and be sued in its corporate name
11. (1) The Corporation shall meet at such times as may be nectssary
or expedient for the transaction of its business, and such meetings shall
be held at such places and times and on such days as the Corporation
(2) The chairman m a y at any time call a special mating of the
Corporation and shall call a special meeting within seven days of the
receipt of a written requisition for that purpose addressed to him bp
any two members of the Corporation.
(3) The chairman shall preside at all meetings of the Corpora-
tion at which he is present, and in case of his temporary absence the
members present and mnstituting a quorum shall elect a chairman
from among their number to preside at that meeting.
(4) The quorum of the Corporation shall be such number aa
thc Minister may from time to time determine not being less than
one-half the total members of the Corporation.
(5) The decisions of the Corporation shall be a majority of
votes and, in addition to an original vote, the chairman or other person
presiding at a meeting shall have a casting vote in any case in which
the voting is equal.
(6) Minutes in proper form of each meeting of the Corporation
shall be kept and shall be cotu5med as soon as practicable thereafter
at a subsequent meeting.
(7) Subject to the foregoing provisions of this Schcdulc the
Corporation may regulate its own proceedings.
(8) The validity of the proceedings of the Corporation shall not
be affected by any vacancy amongst the members thereof or by any
defect in the appointment of a member thereof.
12. A member of the Corporation who is directly or indirectly m-
tercsted in a contract made or p r o p o d to be made by the Corpora-
(4 shall disclose the nature of his interest at a mating of the
Corporation; and -
IThe inslusion of this page is authorized by L.N. 31/1977l
AGRICVLTURAL MARKETING CORPORATION
(b) shall not take part in any deliberation or decision of the Cor.
poration with respect to that wntract.
13. (,I) No member of the Corporation shall be personally liable for Protection
any act or default of the Corporation done or omitted to be done in ofmembers.
good faith in the course of the operation of the Corporation.
(2) Where any member of the Corporation is exempt from
liability by reason only of the provisions of this paragraph the Corpo-
ration shall be liable to the extent that it would be if the member was
a sewant or agent of the Corporation.
chairman and other members of the Corporation such remuneration, tionof
whether by way of honorarium, salary or fees, and such allowanm as
the Minister may determine.
14. There shall be paid from the funds of the Corporation to the Remunera-
[The inclusion of this page is authorized by L.N. 480/19731