An act to continue the existence of the Warehouse Licensing Authority and re-define its functions; reconstitute the Board of the Warehouse Licensing Authority and re-define its functions; establish the Electronic Warehouse Receipt System and provide for its management; regulate warehouses that issue warehouse receipts in the Republic; provide for the rights and obligations of warehouse operators, depositors of agricultural commodities, holders of warehouse receipts, holders of agricultural charges and lenders under contracts of advance; regulate contracts of advance and agricultural charges as security for agricultural commodities; repeal and replace the Agricultural Credits Act, Cap. 224; and provide for matters connected with, or incidental, to the foregoing.