This Act provides for the granting of some rural development loans, the transfer of undertaking of the Rural Development Bank to a company or companies incorporated under the Companies Act nominated by the Minister and various matters of miscellaneous character. Loans provided are: Ex-Servicemen's Credit Loans in the sense of the Ex-servicemen's Credit Act 1958; Native Loans Fund Loans in the sense of the Papua and New Guinea Development Bank (Native Loans Fund) Act 1969; and further loans by the agricultural bank for the development of agricultural enterprises. The Act provides for various matters relative to loans such as conditions for granting loans, repayment, interests, etc.
Papua New Guinea · 1965-01-01