54.
| (1) The Agricultural and Industrial Credit Corporation Ordinance as amended by section 90 of the Land Development (Amendment) Act, No. 16 of 1969, is hereby further amended in subsection (1) of section 51 of that Ordinance by the insertion, immediately after paragraph (bb) of that subsection of the following new paragraph: -
| | "(bbb) to grant loans of money to the holder of a grant of land alienated by way of sale under the provisions of the sale of State Lands (Special Provisions) Law." | | |
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| (2) The People's Bank Act, No. 29 of 1961, as amended by section 90 of the Land Development (Amendment) Act, No. 16 of 1969, is hereby further amended in paragraph (a) of subsection (1) of section 5 of that Act as follows:-
| | (a) by the renumbering of subparagraph (v) of that paragraph as subparagraph (vi); and | | |
| | (b) by the insertion, immediately after subparagraph (iv) of that paragraph of the following new subparagraph: -
| | | "(v) short-term medium-term and long-term loans and other accommodation to persons who are holders of grants of land alienated by way of sale under the provisions of the Sale of State Lands (Special) provisions) Law.". |
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Sri Lanka Consolidated Acts