Bulk Handling Act Regulations 1967

A person entitled to grain requiring 2 or more warrants in exchange for one warrant shall submit the warrant to the Company together with a request in writing for the issue of separate warrants and a list showing the —

number of warrants required;

quantity of grain (being not more in total than shown on the surrendered warrant) to be represented by each;

name or names in which the warrants are to be issued; and

such other particulars as are applicable.

Where a person entitled to grain complies with the requirements of subregulation (1) the Company shall forthwith —

cancel the warrant submitted; and

issue to the person entitled to grain warrants of a separate series to the warrant submitted and clearly stating on the face of each warrant then issued that it is issued in a specified part substitution of the warrant submitted.