67. The public grant to which agricultural societies are respectively entitled shall be paid to them upon the order of the Minister of Agriculture, Fisheries and Food, but whether such grants be claimed or not, he may retain 12% out of each grant for agricultural purposes.
Out of the balance mentioned in section 66, and out of the 12% retained from its grant, every agricultural society may receive the following subsidies:
(1) Societies which have owned and kept, for the benefit of their members, thoroughbred stallions for at least nine months during the previous year, or which have granted a premium to the owner of every registered thoroughbred stallion, kept for breeding, for the benefit of their members, for at least nine months during the previous year, shall receive a subsidy of not more than $200; but such subsidies shall in no case be for an amount greater than the premium;
(2) Societies which hold in the spring a competition for thoroughbred stallions, or a competition for thoroughbred stallions and bulls, shall receive a subsidy equal to one-half the sum expended for such competition, but not more than $50.
For the purposes of the premium above mentioned, the society shall hold in the spring a competition for thoroughbred stallions.
R. S. 1964, c. 112, s. 67; 1973, c. 22, s. 22; 1979, c. 77, s. 21.