2063

In computing the amount of wage subsidy to be paid annually to private sugarcane growers, the federal minimum wages prevailing on May 1, 1974 shall be taken as a basis. Provided, That the wage subsidy shall take effect when the raw sugar annual average price in the domestic market is [eighteen dollars] ($18.00) or less a hundredweight. The subsidy shall increase gradually and as provided by the Secretary through regulation, as the price of sugar diminishes, reaching its maximum limit when the price of raw sugar is [fifteen dollars and fifty cents] ($15.50) or less a hundredweight. No subsidy shall be paid when the raw sugar average price is higher than [eighteen dollars] ($18.00) a hundredweight. Besides, the payment of this aid by way of wage subsidy shall include in part the additional expenses incurred by the sugarcane grower in social security, workmen’s insurance and unemployment insurance.\nHistory —May 30, 1976, No. 92, p. 271, § 3.