Prohibition
4. No person shall export from the Colony any reserved of export of commodity except under an export licence issued by the Director
under these regulations.
commodi.
ties except
under Hoence,
Application for and conditiona
5. (1) The Director may issue licences under these regula- tions for the importation and exportation of reserved commodities. of licence. Applications for such licences shall be made in writing to the
Director.
Storage of
reserved commodi. ties on im- portation.
(2) The Director may issue a licence under these regulations subject to such conditions as he in his absolute discretion may deem fit as to-
(a) the amount of the reserved commodity comprised in such
licence;
(b) the period of time within which and the means by which such reserved commodity may be imported or exported;
(c) in the case of an import licence, the period of time within which the said reserved commodity or any part thereof shall be sold or exported.
6. (1) When any reserved commodity is imported. it shall be stored forthwith in a reserved commodity godown or in such other godown or sture as the Director may in writing authorize.
(2) No person shall take or give delivery of any reserved commudity except in accordance with the written authority of the Director:
Provided that the owner or agent of any ship by which a reserved commodity has been imported may deliver such reserved commodity to a reserved commodity godown and delivery of such reserved commodity at such reserved commodity godown may be taken without any written authority from the Director :
And Provided further that an export licence granted in accordance with regulation 4 shall be deemed to be a sufficient authority for the purpose of this sub-regulation.
부
T. (1)
Any person desirous of being registered as a stock- Application holder of a reserved commodity shall forward to the Director an
to be re- gistered as application in accordance with Form in the Third Schedule a stock-
holder. stating-
Third Schedule,
(a) the reserved commodity in respect of which he wishes Form 1
to be registered as a stockholder; and
(b) the amount of such reserved commodity which he is
prepared to hold us a stockholder.
(2) A separate application shall be made in respect of each reserved commodity.
8. The Director shall, within fourteen days of the receipt Registra
of an application for registration as a stuckholder of a reserved tion as commodity, in his absolute discretion, either-
(0) register the applicant as a stockholder of the reserved
commodity specified in his application; or
(b) give notice in writing to the applicant of his refusal so to
register him.
* stock.
holder.
B. (1) The Director shall issue to each stockholder a lasue of Certificate of Registration in accordance with Form 2 in the Third Certificate of Regis- Schedule.
tration as a stock-
Third
(2) Euch Certificate of Registration shall stipulate the holder. quantity of the reserved commodity which the stockholder is Schedule. required to hold in stock:
Provided that such quantity shall not exceed the amount stated by the stockholder in his application to be registered as a stockholder.
(s) No charge shall be made by the Director for the registra- tion of a person as a stockholder, or for the issue of a Certificate of Registration.
Form 2.
10. (1) A Certificate of Registration as a stockholder shall Validity of be valid for such period us shall be stipulated on such certificate: Certificate
Provided that any such certificate may be cancelled at any time by three months' notice in writing given by the Director to the stockholder.
of Regis- tration as a stock- holder,