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Sugar (Reserve Funds) Act.

Country/Territory
Jamaica
Document type
Legislation
Date
1947 (2004)
Source
FAO, FAOLEX
Subject
Cultivated plants
Keyword
Plant production Agricultural development Sugar cane/sugar beet Special fund
Geographical area
Americas, Caribbean, Latin America and the Caribbean, Small Island Developing States
Abstract

This Act creates a Sugar Price Stabilization Fund, a Sugar Industry Capital Rehabilitation Fund, a Sugar Industry Labour Welfare Fund and a Sugar Workers Pensions Fund and requires exporters of sugar to pay part of proceeds of sale of sugar to Government of Jamaica. The Act also contains a provision that requires exporters to pay a “statutory deduction” on sugar covered by an insurance policy that is damaged, stolen or destroyed.

Full text
English