7. Amenament of section 17 of the principal cnactinent

Board shall grant such prize”, of the words

“the Board or the person conducting such national lottery on behalf of the Board or the person conducting such national lottery under the authority of a licence issued under subsection (3) of section 14, as the case may be, shall grant such prize”.

Section 17 of the principal enactment is hereby amended as follows --—

in subsection (1) of that section, by the substitution, for the words “every national lottery shall”, of the words “every national lottery conducted by the Board shall”.

by the substitution immediately after subsection (1)

of that section of the following subsection :—

“(1a) Where the prize consisting of money ina national lottery conducted by the Board, is not won by any person, such prize money shall notwithstanding anything to the contrary in this section, be credited to a Prize Reserve Account and the monies accumulated in such account shall be used for the award of prizers at subsequent national lotteries conducted by the Board.”.

in subsection (2) of that section, by the substitution for the words “approved by the Permanent Secretary”, of the words “approved by the Secretary to the

Ministry of the Minister.”

by the addition, at the end of that section of the following subsections :—

Fund through the Secertary to the Ministry of the

Minister, the proceeds of every national lottery

Finance (Amendment)

Act, No. 22 af 1998 5

conducted on behalf of the Board under an agreement entered into under subsection (2) of section 14, after a deduction from such proceeds, the value of the prizes awarded in such national lottery and of any management fees payable, under the terms of that agreement, to the person conducting such national lottery and of an amount apporoved by the Secretary as being an amount necessary for the purposes of meeting any payments and liabilities referred to in paragraphs (b), (c), (d) and (e) of subsection (2).

Consolidated Fund.”.