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Section 3

[(1) The occupier of a factory shall make such provision for speedy payment of the price of cane purchased by him as may be prescribed.]

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3 [(1) The occupier of a factory shall make such provision for speedy payment of the price of cane purchased by him as may be prescribed.] (2) Upon the delivery of cane the occupier of a factory shall be liable to pay immediately the price of the cane so supplied, together with all other sums connected therewith, 4 [X X X] (3) Where the person liable under sub-section (2) is in default in making the payment of the price for period exceeding fifteen days from the date of delivering, he shall also pay interest at a rate of 7½ per cent per annum from the said date of delivering, but the Cane Commissioner may, in any case, direct, with the approval of the State Government, that no interest shall be paid or be paid at such reduced rate as he may fix;