Decree of the Minister of Finance No. 94 / 1960 Coll.
Decree on the provision of advances to single agricultural cooperatives for the planned sales of agricultural products
Valid
Effective from 07.07.1960
94
DECLARATION
Minister for Finance
of 22 June 1960
on the granting of advances to single agricultural cooperatives for the planned sales of agricultural products
The Minister of Finance shall, in agreement with the Ministers of Agriculture, Food Industry, Internal Trade, Consumer Industry and Health under Section 11 (2) of Act No. 83 / 1958 Coll., on the modification of financial planning and financial management of national enterprises and other economic organisations of the state socialist sector:
Authorised ransoms for agricultural products (hereinafter referred to as "ransoms') may provide the single agricultural cooperatives (hereinafter referred to as cooperatives) with cash advances for their scheduled sales for the contractual supply of agricultural products under the conditions and to the extent laid down in this Decree.
(1) A cash advance may be requested by the co-operative of the buyer concerned, provided that he has not temporarily sufficient own funds.
(2) The necessary amount of cash advances and their settlement will include the cooperative in its annual production plan.
(3) If necessary, the cooperative planning the need for cash advances shall request the buyer concerned to grant the advance by written request recommended by the local national committee and bearing the expression of the Czechoslovak State Bank.
(4) The successful tenderer shall decide on the granting of the advance on the basis of this request.
(5) In urgent cases, the cooperative may request the ransom to provide a cash advance even if it was not foreseen in its annual production plan; the following paragraphs 3 and 4 shall be followed.
(6) The cooperative may, at its request, be given an advance commitment at the time of conclusion of the contract for the production and delivery of agricultural products for the year in question; in this case, the promise will be part of that contract.
The maximum amount of the total advance to be granted by the purchaser shall be expressed, for each agricultural product, by the percentage of the sales planned for their contractual supply and shall be:
(a) in the case of sugar beet and chicory, 30%, 10% after sowing, 20% after unification and the second spear,
(b) for hops, 50%, 20% after the cut and 30% before the comb,
(c) in the case of vines, edible leguminous vegetables, medicinal and aromatic plants, spices, root peppers, 15% after removal, cutting and improvement of the vine and 15% after completion of the subsoil, binders and hooves, and in the case of other specified crops, 15% after sowing (planting) and 15% after last treatment;
(d) for vegetables, flax, hemp, tobacco, metal sorghum and poppy seed 25%, for potatoes, sugar seed and chicory and for oil seeds (without poppy) 20%, each time after planting (sowing) and the rest after the last crop treatment,
(e) 15% for grains and ergot, after the spring work has been completed (treatment of the seed, sowing of the spring, vaccination of the ergot),
(f) for fruit 25%, 10% after spring treatment of trees, the remaining 15% after summer treatment of trees only in the case of good flowering.
(1) The successful tenderer shall only grant the cooperative an appropriate part of the advance if the conditions laid down in paragraph 2 are met and if it is satisfied, in cooperation with the local national committee, that the work to which the advance is paid has been carried out properly and within the correct agri-technical time limits. However, the successful tenderer may refuse to grant an advance if he finds that the cooperative does not implement the agri-technical measures necessary to ensure the planned production and supply of the products for which the advance is requested in a timely manner.
(2) The buyer shall transfer the appropriate amount of the advance paid to the cooperative's current account with the Czechoslovak State Bank.
(3) The advance paid shall be charged to the buyer of the cooperative on payment of the supply of the agricultural product for which the advance has been granted. If the consideration of the supply for the settlement of the advance is insufficient, the ransom shall settle the advance on payment of supplies of other agricultural products purchased by it.
Advances granted to cooperatives for the planned sales of the products covered by this decree shall be remunerated until the settlement date, until the date fixed as final to meet the contractual supply, at 1,8%, after that date at 3,6%.
The Order of the Minister of Finance No 118 / 1953 Ú. l, on the granting of advances to single agricultural cooperatives of the III. and IV. type for the planned sales of agricultural products, as amended by Decree No 189 / 1954 Ú. l, is hereby repealed.
This decree shall take effect from the date of its publication.
First Deputy Minister:
Succharda v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree of the Ministry of Finance No. 94 / 1960 Coll., on the provision of advances to single agricultural cooperatives for the planned sales of agricultural products |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 07.07.1960 |
|---|---|
| Effective from | 07.07.1960 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0