(1)For the purpose of enabling deficiency payments under the Wheat Acts, 1932 and 1939, to be computed and made in respect of periods less than a year, every cereal year to which this section applies shall be divided into accounting periods as follows:—
(a)the first accounting period in the cereal year beginning on the first day of August nineteen hundred and thirty-nine shall be deemed to have ended with the eighth day of September;
(b)the second accounting period in that year shall be deemed to have ended with the twentieth day of October;
(c)each subsequent accounting period in that or any subsequent cereal year to which this section applies shall end or be deemed to have ended with such date as the Minister may by order determine after consultation with the Wheat Commission;
and, as respects home-grown millable wheat sold in any such year, the provisions of the said Acts relating to deficiency payments set out in the First Schedule to this Act shall have effect as if a reference to an accounting period were substituted for any reference to a cereal year.
(2)For the purpose of computing the amount of a deficiency payment payable in respect of any home-grown millable wheat sold in any accounting period, the Wheat Commission may, if it appears to them that the price of the wheat was fixed in some subsequent accounting period, treat the wheat as having been sold in that subsequent period.
(3)As respects home-grown millable wheat sold in any cereal year to which this section applies, the quantity of such wheat in respect of which deficiency payments may be made shall not be limited by reference to the anticipated supply of wheat for that year, and accordingly—
(a)the proviso to subsection (1) of section one of the [22 & 23 Geo. 5. c. 24.] Wheat Act, 1932, and subsection (2) of section two of that Act shall not have effect as respects any such year; and
(b)it shall not be necessary for the Minister to make an order as respects any such year under subsection (4) of the said section two.
(4)This section shall apply to the cereal year beginning on the first day of August nineteen hundred and thirty-nine and every subsequent cereal year falling wholly or partly within the period of suspension.