The West Pakistan Agriculturists Loans Act, 1958.

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Department: Agriculture ,Livestock and Cooperation Department
Main Category: Acts
Specific Category Name: Loan
Year 1958
Promulgation Date: 23-04-1958
Details:

THE WEST PAKISTAN AGRICULTURISTS' LOANS ACT, 1958.

 

(West Pakistan Act No. XVII of 1958) 

CONTENTS.

 

PREAMBLE

SECTIONS:

 

1.                  Short title and extent.

2.                  Power of Government to make rules.

3.                  Recovery of loans.

4.                  Liability of joint borrowers as among themselves.

5.                  Repeal and savings.



 

THE WEST PAKISTAN AGRICULTURISTS' LOANS

ACT, 1958.

 

(West Pakistan Act No. XVII of 1958)


[23rd April. 1958.]


An Act to consolidate the law relating to the advancement and 
recovery of taccavi loans for agricultural purposes in the 
Province of West Pakistan.

 

            WHEREAS it is expedient to consolidate the law relating to the advancement and recovery of taccavi loans for agricultural purposes in the Province of West Pakistan;

Preamble.

            It is hereby enacted as fellows:-

 

1.         (1) This Act may be called the West Pakistan Agriculturists Loans Act, 1958.

Short title and extent.

            [1]["(2) It extends to the whole of the [2][Province of the Khyber Pakhtunkhwa] except the Tribal Areas"].

 

2.         (1) Government may make rules as to:-   

 

(a)   loans to be made to owners and occupiers of arable land for the relief of distress, purchase of land, cattle and seed and other agricultural purposes; and

 

(b)   sale of seed on credit to owners and occupiers of agricultural land.

           

Power of Government to make rules.

            (2) All such rules shall be published in the official Gazette.

 

3.         The loans made, the price of seed sold and the interest (if any) chargeable there on, together with the cost of recovery, if any, shall be recoverable as arrears of land revenue from the persons to whom the loans were made or the seed was sold or their sureties.

Recovery of loans.

 

4.         When a joint loan is made under this Act to members of a village community or any other persons on such terms that all of them are jointly and severally bound to pay the whole amount and a statement showing the shares of the various borrowers, signed, marked, or sealed by such of them or their duly authorized agents and the officer making the order is entered upon the order granting the loan that statement shall be conclusive evidence of the share which each of those borrowers is bound to contribute.

Liability of joint borrowers as among themselves.

5.         (1) The following enactments are hereby repealed: —

Repeal and savings.

 

(a)   the Agriculturists Loans Act, 1884;

 

(b)   the Agriculturists" Loans (Punjab Amendment) Act, 1951;

 

(c)    the Agriculturists' Loans (Punjab Amendment) Act, 1955;

 

(d)   the Agriculturists Loans (Sindh-Amendment) Act, 1941;

 

(e)    the Khairpur State Agriculturists' Loans Act, 1952: and

 

(f)     the West Pakistan Agriculturists' Loans Ordinance, 1958, 


            (2) All rules, appointments and orders made, authorities and powers conferred, liabilities incurred, times and places appointed and other things done under and of the repealed enactments mentioned in sub-section (1) shall, so far as may, be deemed to have been respectively made, conferred, incurred, appointed and done under this Act and all arrears of advances and interest shall be recoverable under this Act.

 



[1] Subs, by W. P. Ord. VII of i964, s. 2.

[2] Substituted vide Khyber Pakhtunkhwa Act. No. IV of 2011.