5(1)Paragraph (b) of subsection (2) of section one of the Sugar Act, 1956 (establishment and principal functions of Sugar Board) shall apply to sugar exported or to be exported from the territories of the Republic as it applies in relation to Commonwealth sugar.
(2)Any profit or loss realised by the Minister of Agriculture, Fisheries and Food in connection with sugar purchased by the Sugar Board, as agents for him, in pursuance of any agreement made before the commencement of this Act between that Minister and the South African Sugar Association shall be paid over to or made good by the Board ; and any payments made to or by the Board by virtue of this provision shall be credited or debited to its revenue account.