OpenLegislation

Article 5

United Kingdom

Original text. Later amendments are not shown.

1.

The conversion of the value of a quantity of husked rice into the value of the same quantity of paddy rice shall be effected by:

  • dividing the value to be converted by the rate fixed in Article 1(1) for paddy rice, and

  • reducing the amount thus obtained by the processing costs fixed in Article 2(1).

The conversion of the value of a quantity of paddy rice into the value of the same quantity of husked rice shall be effected by:

  • increasing the value to be converted by the processing costs fixed in Article 2(1), and

  • multiplying the amount thus obtained by the rate fixed in Article 1(1) for paddy rice.

2.

The conversion of the value of a quantity of husked rice into the value of the same quantity of milled rice shall be effected by:

  • increasing the value to be converted by the processing costs fixed in Article 2(2), and

  • reducing the value to be converted by the value of the by-products fixed in Article 3(2), and

  • dividing the amount thus obtained by the rate fixed in Article 1(2) for milled rice.

The conversion of the value of a quantity of milled rice into the value of the same quantity of husked rice shall be effected by:

  • multiplying the value to be converted by the rate fixed in Article 1(2) for milled rice,

  • reducing the amount thus obtained by the processing costs fixed in Article 2(2), and

  • increasing the amount thus obtained by the value of the by-products fixed in Article 3(2).

3.

The conversion of the value of a quantity of milled rice into the value of the same quantity of semi-milled rice shall be effected by:

  • dividing the value to be converted by the rate fixed in Article 1(3) for semi-milled rice, and

  • increasing the amount thus obtained by the value of the by-products fixed in Article 3(3).

The conversion of the value of a quantity of semi-milled rice into the value of the same quantity of milled rice shall be effected by:

  • reducing the value to be converted by the value of the by-products fixed in Article 3(3), and

  • multiplying the amount thus obtained by the rate fixed in Article 1(3) for semi-milled rice of the group in question.