Acts and Regulations

2022-5 - Quarriable Substances Act

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NEW BRUNSWICK
REGULATION 2022-5
under the
Quarriable Substances Act
(O.C. 2022-35)
Filed February 23, 2022
1Subsection 25(3) of New Brunswick Regulation 93-92 under the Quarriable Substances Act is repealed and the following is substituted: 
25(3)The ordinary price of peat for a given calendar year is the price of peat per standard bale calculated as follows using the figures for the two previous calendar years for New Brunswick as set out for each of those years in annual data on the production and shipments of non-metallic minerals, published by Statistics Canada under the authority of the Statistics Act (Canada):
A
=
(
B + C
)
(
1
)
2
29
where
Ais the ordinary price of peat for a given calendar year;
Bis the amount calculated by dividing the value of shipments of peat in dollars for the calendar year preceding the given calendar year by the quantity of peat shipped in tonnes for the calendar year preceding the given calendar year; and
Cis the amount calculated by dividing the value of shipments of peat in dollars for the calendar year that is two years before the given calendar year by the quantity of peat shipped in tonnes for the calendar year that is two years before the given calendar year.