Land Bank Amendment Bill (B108B-1997)

1st January 1997

To amend the Land Bank Act, 1944, so as to delete and insert certain definitions; to regulate the business of the bank; to provide for the restructuring of the board and removal from office of the members of the board; to provide for meetings of the board; to provide further for the remuneration of members of the board; to provide anew for appointment of staff; to provide for financial assistance to farmers so as to authorise the bank to lend money to financial intermediaries; to
provide for the advancement of monies to joint ventures, partnerships and institutions; to provide for the provision of alternative security; to provide for the advancement of loans to companies involved in agriculture; to repeal certain
sections of the Agricultural Credit Act, 1966 (Act No. 28 of 1966); and to provide for matters connected therewith.