Bulk Handling Act Regulations 1967

A holder of warrants representing a single type of grain grown by one grower and delivered at one particular place, requiring one warrant in exchange for such warrants, shall submit the warrants to the Company together with a request in writing for the issue of a composite warrant and a list showing the —

numbers of the warrants;

type of grain;

person entitled to grain;

place of delivery;

quantities represented by each warrant; 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 warrants submitted; and

issue to the person entitled to grain a warrant of a separate series to the warrants submitted and clearly stating on the face of it that it is a composite warrant in substitution for the warrants submitted.