1662 LAWS OF MARYLAND. [CH. 961

spent nor binding commitments have been entered into
for their expenditure, with the approval of the Commis-
sion, within three (3) years from the last day of the year
of collection, the unspent portion of such year's deduction
shall revert to the State as part of its general funds, and
shall be paid over promptly by the Commission to the
Treasurer. Provided, however, that if, due to the present
war emergency, such deductions of any license for the
calendar year 1944 cannot be either advantageously spent
or binding commitments entered into for its expenditure
prior to December 31, 1947, an additional period of two
(2) years from that date is hereby granted for the ex-
penditure or commitment of such deductions of the calen-
dar year 1944, and similarly, if such deductions of any
licensee for the calendar year 1945 can not be either ad-
vantageously spent or committed, by reason of such war
emergency, by December 31, 1948, a further period of one
year from said date is hereby granted for the expenditure
or commitment of such 1945 deductions of any license.

Notwithstanding anything hereinabove contained to the
contrary, the deductions made by the Maryland Jockey
Club at the joint meetings held at Pimlico during the year
T944, for which it held a license, and the deductions made
by the Maryland State Fair at the joint meeting in 1944,
for which it held a license, shall be considered and treated
for the purposes of this Act, as having been made, as
agents of the Commission, one-fourth by the Maryland
Jockey Club, one-fourth by the Maryland State Fair, one-
fourth by the Southern Maryland Agricultural Association,
and one-fourth by the Harford Agricultural and Breeders
Association; and the Racing Fund, as constituted as of the
effective date of this Act, shall be subject to expenditure
by each of said four Racing Organizations, equally, in the
manner and to the extent hereinabove set forth, and, for
the purposes of this Act, each shall be considered as hav-
ing deducted from the mutuel pool one-fourth of said
Racing Fund as so constituted as agents aforesaid. If,
hereafter, the Commission shall issue a license for the
conduct of racing to one of the said four Racing Organi-
zations, for the purpose of enabling a joint meeting to be
held in which one or more of the others of the above men-
tioned Racing Organizations participate, the deductions
made by the license of said meeting shall be considered
and treated as having been made, for the purposes of this
Act, by each of said Racing Organizations participating
in said meeting, as agents aforesaid, in the proportion in
in which it shared the profits and losses of that particular
meeting, and such deductions shall be subject to expendi-