Coconut Industry Control Act.

This Act establishes the Coconut Industry Board as a body corporate. It shall consist of nine members who shall be appointed and elected in accordance with section 3. The Board may: (a) buy, sell and trade in coconuts, and coconut products, and such other commodities as the Board with the approval of the Minister may, from time to time, determine; export or dispose of coconuts, and coconut products; (b) process or manufacture coconut products; (c) apply for the allotment of, purchase, or hold, shares in any company having as one or other of its objects the sale of coconuts or the processing or manufacturing of coconut products; (d) subject to the approval of the Minister, apply for the allotment of, purchase, or hold, shares in any company, irrespective of the objects of such company; etc. The Board shall, upon being required so by a local manufacturer, sell copra to such manufacturer at the prescribed prices in such proportions and quantities as may from time to time be prescribed.