90.
| (1) The Agricultural and Industrial Credit Corporation Ordinance is hereby amended in sub section (1) of section 51 of that Ordinance by the insertion, immediately after paragraph (b) of that sub-section, of the following new paragraph:-
| | "(bb) to grant loans of money to the owner of any holding alienated under the Land Development Ordinance for the purpose of the cultivation, development or improvement of that holding;". | | |
|
|
| (2) The People's Bank Act, No. 29 of 1961, is hereby amended in paragraph (a) of sub-section (1) of section 5 of that Act as follows: -
| | (a) in sub-paragraph (iii) of that paragraph, by the substitution, for the words " small-scale undertaking; and ", of the words " small- scale undertaking; "; | | |
| | (b) by the renumbering of sub-paragraph (iv) of that paragraph as sub-paragraph (v); and | | |
| | (c) by the insertion, immediately after sub- paragraph (iii) of that paragraph, of the following new sub-paragraph: -
| | | " (iv) short-term, medium-term and long- term loans and other accommodation to persons who are the owners of holdings alienated under the Land Development Ordinance for their requirements; and ". |
|
|
|
|
Sri Lanka Consolidated Acts