In this Ordinance, unless there is anything repugnant in the subject or context: (1) 'Contract relating to jute goods futures ' means a contract relating to the sale or purchase of jute goods made on a forward basis (a)providing for the payment or receipt, as the case may be, of margin in such manner and on such dates as may be specified in the contract, or (b) by or with any person not being a person who, (i)habitually deals in the sale or purchase of jute goods involving the actual delivery of possession thereof, or (ii)possesses, or has control over, a godown and other means and equipments necessary for the storage and supply of jute goods:. . . . . . 3.(1) The Provincial Government may, from time to time, if it so thinks fit, by notification in the Official Gazette prohibit the making of contracts, relating to jute goods futures and may, by like notification, withdraw such prohibition . . . . . . . 1075 (2)When the making of contracts relating to jute goods futures is prohibited by a notification under sub section (I), (a)no person shall make any such contract or pay or receive any margin except, in the case of any such contract made prior to the date of the notification, to the extent to which the payment or receipt, as the case may be, of margin is allowable on the basis of the last closing rate in a notified market:. . . (c)notwithstanding anything contained in any other law for the time being in force, (i)every such contract made, and every claim in respect of margin, in contravention of the provisions of clause (a), shall be void and unenforceable, and (ii) every such contract made prior to the date of publication of the notification shall be varied and settled on the basis of the last closing rate in a notified market.