(1)The Minister, with the concurrence of the Treasury, may make regulations with respect to the payment of grants under section two of this Act, and in particular for prescribing the times at which, and the conditions subject to which, grants may be so paid in respect of any cattle insemination centre thereunder, and the manner in which the losses or profits of any such centre shall be calculated for. that purpose.
(2)Provision shall be made by regulations under this section—
(a)for requiring the production to the Minister of such annual accounts with respect to the business of any cattle insemination centre in respect of which grants may be so paid as may be prescribed by or under the regulations;
(b)for securing that such accounts shall be audited or certified in such manner as may be so prescribed;
(c)for enabling any person authorised in that behalf by the Minister to inspect any books, accounts or other documents relating to the business of the centre;
(d)for regulating the rates at which the depreciation of any assets (including cattle) employed in the business of the centre is to be calculated for the purpose of the accounts, and the manner in which the value of any such assets is to be determined for that purpose; and
(e)for securing that the scale of fees to be charged in respect of the provision of artificial insemination services from the centre shall be such as may be approved by the Minister.
(3)Any regulations made under this section shall be laid before Parliament as soon as may be after they are made, and if either House, within the period of forty days beginning with the day on which any such regulations are laid before it, resolves that the regulations be annulled, they shall thenceforth become void but without prejudice to the validity of anything previously done thereunder or to the making of new regulations.
In reckoning any such period of forty days, no account shall be taken of any time during which Parliament is dissolved or prorogued, or during which both Houses are adjourned for more than four days.
(4)Section one of the [56 & 57 Vict. c. 66.] Rules Publication Act, 1893, shall not apply to any regulations made under this section by the Minister of Agriculture and Fisheries.