49. — (1) The Board may, after consultation with such licensees under greyhound race track licences as are concerned, by regulations or notice fix the stake money and prizes to be offered for events at greyhound race tracks and different stake money or prizes may be fixed in respect of different events and in respect of different tracks.

(2) If, in relation to a greyhound race track, there is a contravention of any regulation or notice under subsection (1) of this section, the licensee under the greyhound race track licence relating to the track shall be guilty of an offence and shall be liable on summary conviction to a F58[class A fine].

(3) Where stake money and prizes are fixed under this section by notice, the notice shall relate to a particular greyhound race track and shall be served on the licensee under the greyhound race track licence relating to the track.