This Act may be cited as the Board of Trade Amendment Act, 1923, and shall be read together with and deemed part of the Board of Trade Act, 1919 (hereinafter referred to as the principal Act).

Sections six, seven, nine, ten, and eleven of the principal Act are hereby repealed.

All the powers, duties, authorities, and functions conferred by the principal Act upon the Board of Trade are hereby vested in and shall hereafter be exercised and performed by the Minister of Industries and Commerce.

The Governor-General in Council may appoint any number of persons, not exceeding five, to hold office during his pleasure as members of an Advisory Board. The Advisory Board, whose functions shall be to advise the said Minister in all matters in which he may deem that he requires such advice for the due exercise of the powers, duties, and functions conferred upon him by this Act, shall meet from time to time as required by the Minister of Industries and Commerce.

Two members of the Advisory Board shall be a quorum.

The Minister of Industries and Commerce may in any case associate with himself or with any member or members of the Advisory Board, or with any person or persons to whom he may have in any case delegated his powers of judicial inquiry and investigation, any one or more persons who in his opinion is or are possessed of expert knowledge of advantage in the conduct of the inquiry or investigation, and every person so associated shall for the purposes of that inquiry or investigation be deemed to be a member of the Advisory Board.

This section is in substitution for subsection one of section seventeen of the principal Act, and that subsection is hereby accordingly repealed.

The Minister of Industries and Commerce may delegate to any member or members of the Advisory Board, or to any officer of the Department of Industries and Commerce, the powers of judicial inquiry and investigation conferred upon the Board of Trade by the principal Act.

The person or persons to whom any such delegation is made shall thereupon possess all such powers with respect to such inquiry or investigation as by the principal Act are conferred upon the Board of Trade.

This section is in substitution for section eighteen of the principal Act, and that section is hereby accordingly repealed.

Wherever in the principal Act any reference is made to, or any power, authority, duty, or function is conferred on, the Board of Trade, or the Board, every such reference shall henceforth be read and interpreted as a reference to the Minister of Industries and Commerce; and every such power, authority, duty, or function shall be deemed to be conferred on and may be exercised and performed by that Minister.

Nothing in this section shall be deemed to affect the title of the regulations required by subsection two of section twenty-six of the principal Act to be known as Board of Trade regulations. Such regulations shall continue to be so known, and all Board of Trade regulations heretofore or hereafter made shall have full force and effect, anything in this Act to the contrary notwithstanding.

The principal Act is hereby further consequentially amended in the manner and to the extent indicated in the Schedule hereto.