Section 54 Wool guarantee.

The M1Agriculture Act 1957 shall have effect as if the word “wool” were omitted from Schedule 1 to that Act (produce qualifying for guarantee under section 1).

Subsection (1) above shall not affect the operation of that Act on or after the day on which this Act is passed in relation to any period before that day.

In making the calculations required to be made under article 5(1) of the M2British Wool (Guaranteed Prices) Order 1955 (calculation of the Board’s outgoings and receipts for each wool year), no account shall be taken of any wool which has not been sold by the Board before 1st May 1995.