(Cap. 377)
(Cap. 291)
Prohibition oI establishmenl or operation of commodity exchange.
Power of entry and
search, etc.
Power to
order closure.
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(b) a market established under the Agricultural Products
(Marketing) Ordinance;
(c) a market established under the Marine Fish (Marketing)
Ordinance:
(d) a commodity exchange which was in operation on the
20th June 1973.
4. (1) No person shall-
(a) establish or operate a commodity exchange to which this
Ordinance applies; or
(b) knowingly assist in the operation of any such commodity
exchange.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500.000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues.
5. (1) Any police officer not below the rank of super- intendent may, without warrant and with the assistance of such other police officers as may be necessary-
(a) enter and search any premises in which be reasonably suspects that an offence against section 4 is being or has been committed; and
(6) remove and detain any equipment, books, records. accounts or other documents which be reasonably suspects to be, or to contain, evidence of the commission of that offence.
(2) Any such police officer may-
(a) break open any outer or inner door of any premises
which he is empowered to enter under subsection (1);
(b) remove by force any person or thing obstructing him in
the exercise of his powers under subsection (1);
(c) detain any person found in such premises until the pre-
mises have been searched.
6. (1) If any person is charged with an offence against sec- tion 4(1)(a), the District Court may, on application by or on behalf of the Attorney General, order that any premises in which the commodity exchange is alleged to have been operated be secured until the proceedings for that offence are completed.
(2) Any person having an interest in the premises in respect of which an order under subsection (1) has been made who is
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aggrieved by such order may apply to the District Court for the discharge of the order; and on the hearing of the application the court may either confirm the order or direct that it be discharged.
(3) Not less than 24 hours before the hearing of an applica- tion under subsection (2), notice of the application, and of the grounds therefor, shall be served on the Attorney General, who shall be entitled to be heard on the hearing of the application.
(4) If any person is convicted of an offence against section 4(1)(a), the court may order that the premises in which the com- modity exchange was operated shall be secured for such period as may be specified in the order.
(3) Where an order under subsection (1) or subsection (4) has been made, any police officer, whether or not he is in posses- sion of the order or a copy of the order, may take such stops as may be necessary to secure the premises in respect of which the order was made.
(6) Any person who, without the authority of a police officer, enters any premises in respect of which an order under subsection (1) or subsection (4) is in force shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
The Governor may, by notice in the Gazette, amend the
7.
Schedule.
1. Baxley
2. Cocap
3. Coffee
4. Copper
5. Cotton
& Gold
7. Lead
8. Maize
9. Oals
10. Platinu
11. Rice 12. Rubber
13. Silver
SCHEDULE.
14. Oil seeds and vegetable oils
15. Sugar
16. Timber
17. Tia
18. Wheat
19. Wool
20. Zine
Amendment of Schedule,
(s. 2)