Agricultural Research Act 1956
| Jurisdiction | UK Non-devolved |
Agricultural Research Act, 1956
(4 & 5 Eliz. 2) CHAPTER 28
An Act to make provision with respect to agricultural research.
Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Provision for agricultural research.
(1) Without prejudice to any powers of the Minister of Agriculture, Fisheries and Food or of the Secretary of State, the Agricultural Research Council shall be charged, subject to any directions from time to time given by a Committee of the Privy Council for agricultural research consisting of the Lord President of the Council and such other members as Her Majesty may from time to time appoint, with the organisation and development of agricultural research, and may in particular establish or develop institutions or departments of institutions, and make grants, for investigation and research relating to the advancement of agriculture.
(2) There shall be established an Agricultural Research Fund into which shall be paid—
(a ) such moneys as may from time to time be provided by Parliament for the purposes of this Act; and
(b ) any sums held or hereafter received by the Agricultural Research Council, including any sums received by way of gift,
and out of which shall be paid all expenses incurred by the Agricultural Research Council under this Act or in accordance with the terms of that Council's charter as for the time being in force.
(3) Payments out of and into the Agricultural Research Fund, and all other matters relating to that fund and the moneys standing to the credit of that fund, shall be made and regulated by the Agricultural Research Council in such manner as the Treasury may from time to time direct.
(4) The Agricultural Research Council may from time to time invest any moneys standing to the credit of the Agricultural Research Fund in any securities in which trustees are by law authorised to invest trust funds.
(5) The Agricultural Research Council shall in respect of each financial year prepare in such form and manner as the Treasury may direct an account showing the receipts into and issues out of the Agricultural Research Fund during that year and shall, on or before the thirtieth day of November next following the expiration of the financial year in question, transmit that account to the Comptroller and...
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