(1) The Citrus Marketing Authority shall, upon the date of commencement of this regulation,—
(b) As soon as practicable after that date, by advertisement in any daily newspaper or newspapers circulating generally in its area of operations, give public notice of its proposed dissolution and call for any claims against the Authority (of which it is not already aware) to be made in writing to the Authority within a period ending not less than 1 month after the date of the advertisement (in this regulation referred to as the due date).
(2) Notwithstanding the marketing regulations, no person shall, on or after the commencement of this regulation, be required to hold, apply for, or renew any licence which, except for this subclause, they would otherwise be required to do.
(3) For the purposes of these regulations, no person shall have or claim any interest in any property of the Authority solely by reason of being required, under the marketing regulations, to be licensed by or to sell fruit to or to pay a levy to the Authority.
(4) As soon as practicable after the due date the Authority shall—
(a) Subject to subclause (5) of this regulation, get in, sell, transfer, or otherwise dispose of all of its real and personal property; and
(5) The Authority shall, as far as may be practicable, sell any property situated within the district of a grower co-operative to that co-operative at the value reflected in the audited accounts of the Authority as at the 30th day of November 1980; but the Authority shall not, in the first instance, require the payment of such part of the sale price payable by each grower co-operative as is set out in the following table:
Gisborne Fruitpac Co-operative Ltd, $90,194:
Taura Fruit Industries Co-operative Ltd, $199,495:
Keri Packers Co-operative Ltd, $64,609.
(6) From the proceeds received from grower co-operatives pursuant to subclause (5) of this regulation, the Authority shall hold the sum of $13,472 to the credit of the Auckland Citrus Growers' Association Limited and, as soon as practicable after determining whether the provisions of subclause (7) of this regulation apply in respect of that sum, shall pay that sum or the balance thereof (if any) to the Association.
(7) If (without recourse to the money not collected under subclause (5) of this regulation or to the money held on credit under subclause (6) of this regulation) there is a deficiency in the funds of the Authority, then, to the extent of the deficiency, recourse shall be had to that money not collected and to the money so held on credit in the following proportions of the deficiency:
From the Gisborne Fruitpac Co-operative Ltd, 28 percent:
From the Taura Fruit Industries Co-operative Ltd, 48 percent:
From the Keri Packers Co-operative Ltd, 21.5 percent:
From the Auckland Citrus Growers' Association Ltd, 2.5 percent:
Provided that, if (without such recourse) there is a surplus in the funds of the Authority, the surplus shall be distributed to the same bodies in like proportion.
(8) On being satisfied that the requirements of this regulation have been complied with, the Authority, under its common seal, shall advise the Director-General of Agriculture and Fisheries in writing accordingly, and shall also, pursuant to the direction of the Director-General, dispose of the common seal and all books, accounts, and records of the Authority.
(9) Upon receipt of the advice of the Authority under subclause (8) of this regulation, the Director-General shall give notice in the Gazette that the Citrus Marketing Authority is thereby dissolved as from the date specified in the notice.
(10) Upon the date of dissolution of the Authority, any money remaining owing as a debt to the Authority pursuant to subclause (5) of this regulation shall be deemed to be forgiven without liability for any gift duty.