Article 1. By virtue of this law, the Metropolis, Hokkaido, and all prefectures, in addition to the cities designated by the competent Minister, taking their population and finance into consideration (hereinafter referred to as designated cities) may hold bicycle races for the purpose of improving bicycles, increasing their production, increasing their exportation and meeting domestic demands, besides increasing the revenues of the local finance.
The parties as stated in the preceding paragraph (hereinafter referred to as bicycle races sponsors) may, in accordance with the provisions of Cabinet orders, entrust the Bicycle Development Association, which is to be organized in the Metropolis, Hokkaido, and each of the prefectures, with holding the bicycle races.
Article 2. Bicycle races sponsors shall report to the competent Minister through Metropolitan, Hokkaido and prefectural governors as prescribed by Cabinet Orders, when they are going to hold bicycle races pursuant to this Law.
Article 3. Bicycle races as stated in Article 1 shall be held on the bicycle race courses provided for in Article 4. However, long distance races may be held on public roads, subject to permission of the competent Minister.
Article 4. The number of race courses for holding the bicycle races as stated in Article 1 shall be not more than two in the Metropolis, Hokkaido and each of the prefectures, and one in each of the designated cities.
Article 5. The bicycle race courses provided in the preceding Article, the riders, and the types and standards of the bicycles to be used in the bicycle races provided in Article 1, shall be those registered at the Federation of Bicycle Development Associations, pursuant to the provisions of Cabinet Orders.
Article 6. Admission fees shall be collected from all spectators of bicycle races to be held on the bicycle race courses. However, those specially designated to be admitted free of charge by the governors of the Metropolis, Hokkaido or prefectures or by the mayors of the designated cities, may be exempted from collection of the admission fees.
Article 7. Bicycle races sponsors may sell betting coupons for winners, not exceeding twenty yen per share, at their face values.
Article 8. Betting coupons shall not be sold to the officers of the Bicycle Development Associations, the riders or any other persons handling the affairs relating to the bicycle races.
Article 9. The bicycle races sponsors shall refund to holders of winning coupons, pursuant to the provisions of Cabinet Orders, within the amount of the total proceeds of the same coupons.
In case no person holds the betting coupons for winners, the proceeds from sales of all the rest of the coupons shall be refunded to the respective buyers, pursuant to the provisions of Cabinet Orders.
Claims for the refundment prescribed in the preceding two paragraphs shall be annulled by prescription, if not made within one year.
Article 10. The bicycle races sponsors may put aside for their own income any portion not exceeding twenty-five percent of the proceeds from the sales of the betting coupons, pursuant to the provisions of Cabinet Orders.
When the Bicycle Development Association is entrusted to handle the race routines, the race sponsors shall hand over to the Bicycle Development Association a sum not exceeding three percent of the proceeds from the sales of the betting coupons, out of the sum to become their own income.
The bicycle races sponsors shall deliver into the National Treasury a sum equal to one third of the balance obtained by deducting the sum specified in Par.2, and the necessary expenses, from the sum specified in Par.1.
The competent Minister shall expend a sum equal to the sum delivered in accordance with the provisions of the preceding paragraph, for such expenses as are necessary for the improvement of bicycles, the increase of their production, the increase of their exportation and for meeting domestic demands.
Matters concerning the expenditure of the sum specified in the preceding paragraph shall be decided by Cabinet Order.
Article 11. The Bicycle Development Association shall be a juridical person, with the purposes of handling the bicycle race routines and of attending to any affairs for the development of the bicycle business, and shall be established in the Metropolis, Hokkaido and each of the prefectures.
The Bicycle Development Associations in the Metropolis, Hokkaido and the prefectures, may organize a Federation for the purpose of registration, inspection, etc., of the race courses, the riders, and the types and standards of bicycles to be used, and of controlling the execution and effect of races, pursuant to the provisions of Cabinet Orders.
Article 12. Establishment of the Bicycle Development Association and its Federations requires approval of the competent Minister, pursuant to the provisions of Cabinet Orders.
Article 13. The competent Minister may, when he deems the acts of the bicycle races sponsor to be in violation of this Law, order the bicycle races sponsor to suspend the sale of betting coupons or to take other necessary measures.
Article 14. Any party falling under any of the following items shall be liable ta penal servitude not exceeding three years or to a fine not exceeding a sum of fifty thousand yen, or to both:
1. Any party who violates the provisions of Article 7 by selling betting coupons, or any similar deeds;
2. Any party who bets professionally on the bicycle races provided for in this Law, with money or properties, with many people;
3. Any party included in Article 8, who is the other party to the offender of the preceding item.
Article 15. Any person falling under any of the following items shall be liable to a fine not exceeding a sum of twenty thousand yen:
1. Any party who sells betting coupons to the parties identified as those specified in Article 8;
2. Any of those specified in Article 8, who bought or obtained by transfer a betting coupon or coupons;
3. Any party who was the other party to the deeds specified in Article 14, Items 1 and 2.
Article 16. Any officer of the Bicycle Development Associations or any officer handling the bicycle race routines or a rider pursuant to this Law, who received, demanded or promised a bribe, with respect to their duties or races, shall be liable to penal servitude not exceeding three years. Those acting dishonestly or failing to fulfil their duties are liable to penal servitude not exceeding five years.
Bribes received in the cases as specified in the preceding paragraph shall be confiscated. If confiscation of the full or a part of such bribes can not be effected, the sum shall be collected.
Article 17. Any party who paid, offered or promised bribes to the parties prescribed in Paragraph 1 of the preceding, Article shall be liable to penal servitude not exceeding three years.
In case any perpetrators of the offenses specified in the preceding paragraph surroundered to justice, the penalty to be imposed may be reduced or exempted.