Decree of the Government of the Republic of Tajikistan on Organisation of Republican Cotton Stock Exchange (No. 59 of 1997)

DEeREE OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN ON ORGANIZATION OF REPUBLICAN COTTON STOCK EXCHANGE In connection with transition to the market relations and with the purpose of rendering assistance to cotton producers in duly realization of cotton production the Government of the Republic of Tajikistan decrees: 1. To recognize necessary to create Republican cotton stock ~ exchange, according to the Law of the Republic of Tajikistan from December 23, 1991 "On commodity stock exchange and exchange trade in the Republic of Tajikistan". To senior management cotton-cleaning industry of the Government of the Republic of Tajikistan to represent itself as the founder of the Republican cotton stock exchange in a month's time work out the constituent documents of Republican cotton stock exchange with consent of Ministry of Agriculture of the Republic of Tajikistan, Ministry of Justice of the Republic of Tajikistan and other interested ministries and departments of the republic and to carry out all necessary organizational measures on creation of this stock exchange. 2. To establish, that the members of Republican cotton-stock exchange can·become cotton sowing economies and other undertakings and organizations of the republic irrespective of patterns of ownership. 3. To define, that realization of cotton production (cotton fiber, lint, uluk, cyclone down, cotton technical seeds) through the Republican cotton stock exchange on export and inside the republic is carried out: / Below than prices which have been usual on date of shipment at Liverpool cotton stock exchange (with the exception of cotton technical seeds) in view of the discount on transport-realization charges, weekly determined by Ministry of Economy and Foreign Economic Relations of the Republic Tajikistan on presentation of Senior Management of cotton cleaning industry of the Government of the Republic of Tajikistan; In the presence of the contract, certificates of an origin (with the exception of production sold inside republic) and conformity of the goods, confirmations of the authorized bank in financial bodies and 348 Senior Management of cotton-cleaning industry of the Government of the Republic of Tajikistan accordingly about payment for production about payment of the tax from sales and about the account sold of the cotton production. 4. Future bargains on realization of the cotton production are .carried out on the conclusions of Ministry of Agriculture of the Republic of Tajikistan and are considered valid under condition of registration them within one month from the date of the conclusion of these bargains on the specified stock exchange. 5. To exclude from sub-item 1.2 of a Temporary regulation about future bargains on realization of agricultural production in the Republic of Tajikistan, authorized by the decree of the Government of the Republic of Tajikistan from June 4, 1996 N2 228 words "and on cotton in Ministry of Economy and Foreign Economic Relations of the Republic of Tajikistan". Chairman of the Government of the Republic of Tajikistan E.RAHMONOV N259, February 4, 1997, Dushanbe 349