24

(1) There shall be a Horserace Betting Levy Board (in this Act referred to as 'the Levy Board') which shall be charged with the duty of assessing and collecting in accordance with the subsequent provisions of this Part of this Act, and of applying, subject to those provisions, for purposes conducive to any one or more of the following, that is to say

(a) the improvement of breeds of horses;

(b) the advancement or encouragement of veterinary science or veterinary education;

(c) the improvement of horse racing, monetary contributions from bookmakers and the Totalisator Board.

(2) The Levy Board shall consist of a chairman and seven other members of whom:

(a) the chairman and two other members shall be appointed by the Secretary of State and be persons who the Secretary of State is satisfied have no interests connected with horse racing which might hinder them from discharging their functions as members of the Board in an impartial manner;

(b) three members shall be appointed by the Jockey Club (incorporating the National Hunt Committee);

(d) one member shall be the chairman for the time being of the Bookmakers' Committee; and

(e) one member shall be the chairman for the time being of the Totalisator Board.

27

(1) The contributions such as are mentioned in section 24(1) of this Act to be made by bookmakers shall be paid by way of a levy in respect of each levy period in accordance with a scheme having effect for that period under this section; and in this Act the expression "levy period" means a period of twelve months beginning with 1st April in any year.

(2) Any such scheme shall include provision . . .

(a) for securing that the levy shall be payable only by a bookmaker who carries on on his own account a business which includes the effecting of betting transactions on horse races, and only in respect of so much of the business of the bookmaker as relates to such betting transactions;

(b) for bookmakers to be divided for the purposes of the levy into different categories;

(c) for the amount, if any, payable by way of the levy by any particular bookmaker to be determined by reference to the category into which he falls;

(d) as to the method of the promulgation of the scheme by the Levy Board;

(e) . . .

(3) Not later than such date before the beginning of any levy period as the Levy Board may determine, the Bookmakers' Committee shall make recommendations to the Levy Board with respect to the scheme to have effect under this section for that period, and those recommendations shall take the form either of a draft scheme or of a recommendation that the current scheme shall continue to have effect without amendment or with specified amendments.

(4) If the Levy Board approve the recommendations aforesaid, or those recommendations as revised by the Bookmakers' Committee in the light of any observations thereon made to the committee by the Board, the scheme so recommended and approved shall have effect accordingly for the levy period in question."(4) If the Levy Board approve the recommendations aforesaid, or those recommendations as revised by the Bookmakers' Committee in the light of any observations thereon made to the committee by the Board, the scheme so recommended and approved shall have effect accordingly for the levy period in question.

55

"bookmaker" means any person other then the Totalisator Board who --

(a) whether on his own account or as servant or agent to any other person, carries on, whether occasionally or regularly, the business of receiving or negotiating bets or conducting pool betting operations; .."