Section 8, The Spirits (Distillation and short title (1962)

(1) An omole licence shall expire on the 31st Decembernext following the date of issue. and shall be advised by the Minister of the minimum quantity of omole to be purchased by licensed companies during that calendar vear and of the price to be paid for it. (3) A licensed company shall purchase from the holder of each omole licence granted for the supply of omole to th¡t com pany the annual quantity shown on the licence. If a licensed company can purchase more than the total quantity which it is required to buy under the terms of a special licence it shall notify the Board and the Minister of the additional quantities which it is prepared to purchase. Such notifications shall be nade quarterly and shall take account of any quantities outstanding from omole licence holders. (4) If in the opinion of the Board the supply of omoleto any licensed company falls short of its requirements, theBoard with the prior approval of the Minister may grant additional omole licences at any time during a calendar year. Such additional licences may be granted either to the holders ofexisting omole licences or to any other person at the discretion ofthe Boardand the fee for such licences shall be calculated by themethod set out in subsection (8) of section 7. (5) Where appropriate the provisions of sections 6 and7 shall apply to the grant of annual and additional omolelicences.