I hereby promulgate the Law concerning Exceptions to Payment of Profit of the Special Account for Monopoly Bureau, the Special Account for Printing Bureau and the Special Account for Alcohol Monopoly to the General Account
Signed:HIROHITO, Seal of the Emperor
This fourteenth day of the fifth month of the twenty-fourth year of Showa (May 14, 1949)
Prime Minister YOSHIDA Shigeru
Law concerning Exceptions to Payment of Profit of the Special Account for Monopoly Bureau, the Special Account for Printing Bureau and the Special Account for Alcohol Monopoly to the General Account
Article 1. In case there arose the profit on settlement of account for cash fiscal year in the Special Account for Monopoly Bureau, the Special Account for Printing Bureau and the Special Account for Alcohol Monopoly (hereinafter referred to as "each Account" ), cut of the said profit, the amount prescribed in Item 1 shall be paid into the revenues of the General Account for the fiscal year concerned when the said profit accrued and the amount prescribed in Item 2 shall be devoted re pectively to the increase of capital proper of each Account, regardless of, provisions of Article 11 of the Law concerning Special Accounts for the Enterprises of the Monopoly Bureau and the Printing Bureau (Law No.36 of 1947) and Article 12 and Articles 5 and 6 of the Supplementary Provisions of the Law concerning Special Account for the Enterprises of Alcohol Monopoly (Law No.39 of 1947).
1. The profit on the settlement of account for the fiscal year concerned minus the amount prescribed in Item 2;
2. The amount of fixed assets and operation assets as at the end of the fiscal year concerned (exclusive of the amount equivalent to the part devoted to obtaining of the fixed assets out of the revenues from the public bonds issued or the borrowings made in the fiscal year concerned) minus the amo nt of the assets concerned as at the end of the preceding fiscal year.
Article 2. In case of the payment of the profit of the settlement of each Account to the General Account under the provisions of the preceding Article, if the collected amount of revenues of each Account for the fiscal year concerned minus the disbursed amount of expenditures is not sufficient to the amount of the profit to be paid, or if a part of the said excess is necessary to meet additional working cash requirements of each Account, the amount to be paid to the General Account for the fiscal year concerned shall be determined by the conference of the competent Minister of each Account and the Minister of Finance and the said amount shall be paid.
2 The amount which was not paid under the provisions of the preceding Article in the fiscal year concerned shall be paid to the General Account in following fiscal years as prescribed by the conference of the competent Minister of each Account and the Minister of Finance.
Supplementary Provisions:
1. The present Law shall come into force as from the day of its promulgation;provided, that the provisions of Paragraphs 2 to 5 inclusive of the Supplementary Provisions shall apply to the profit for the fiscal year 1948-49.
2. The Government may devote to the increase of capital proper of the Special Account for Monopoly Bureau the sum not exceeding the excess of the amount of fixed assets of the said Account as at the end of the fiscal year 1948-49 over the total amount of the fixed capital and the fund for depreciation, out of the profit on settlement of account for the fiscal year 1948-49 in the said Special Account, regardless of the provisions of Article 11 of the law concerning Special Accounts for the Enterprises of the Monopoly Bureau and the Printing Bureau.
3. In the case referred to in the preceding paragraph the amount of the profit on settlement of account for the fiscal year concerned minus the amount devoted to the increase of capital proper shall be paid to the revenues of the General Account for the same fiscal year.
4. The Government may devote to the increase of capital proper of the Alcohol Monopoly out of the profit on settlement of account for the fiscal year 1948-49, not exceeding 263,200,000 yen in the said Special Account, regardless of the provisions of Article 12 of the Law concerning the Special Account for Alcohol Monopoly.
5. In the case referred to in the preceding paragraph the amount of the profit on settlement of account for the fiscal year concerned minus the amount devoted to the increase of capital proper shall be paid to the revenues of the General Account for the same fiscal year.
6. The Government may devote, only in the fiscal year 1949-50, to the increase of capital proper of the Special Account for the Printing Bureau the profit on settlement of account for the same fiscal year in the said Special Account, regardless of provisions of Articles 1 and 2.
Minister of Finance IKEDA Hayato
Minister of Commerce and Industry INAGAKI Heitaro
Prime Minister YOSHIDA Shigeru