This Act provides for the establishment of the Development Bank of Samoa as a body corporate, defines its functions and powers and provides with respect to its functioning and operations. The principal functions of the Bank shall be to promote the expansion of the economy of Samoa for the economic and social advancement of the people of Samoa by making loans and giving financial, technical, and advisory assistance in its discretion to any enterprises in Samoa. The Bank may, among other things, buy, lease, or otherwise acquire, hold, manage, improve, or develop any real and personal property and sell, let, mortgage, charge, or otherwise deal with or dispose of any of its property.
Самоа · 1974-08-28