(West Pakistan Act XVII of
1958)
[23 April 1958]
An
Act to consolidate the law relating to the advancement and recovery of taccavi
loans for agricultural purposes in the
Province of [3][3][the Punjab]
Preamble.— WHEREAS it is expedient to consolidate the law
relating to the advancement and recovery of taccavi loans for agricultural
purposes in the Province of [4][4][the Punjab];
It
is hereby enacted as follows:-
1. Short title and extent.— (1) This Act may be called [5][5][the Punjab] Agriculturists’ Loans Act, 1958.
2. Power of Government to make rules.— (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.
(2) All such rules shall be published in the
official Gazette.
3. Recovery
of loans.— The loans made, the price of seed sold and the interest (if any)
chargeable thereon, 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.
4. Liability
of joint borrowers as among themselves.— 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.
5. Repeal and savings.— (1) The following enactments are hereby
repealed:-
(2) All
rules, appointments and orders made, authorities and powers conferred,
liabilities incurred, times and places appointed and other things done under
any of the repealed enactments mentioned in sub-section (1) shall, so far as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][1]For statement of objects and
reasons, see Gazette of West Pakistan
(Extraordinary), dated 26th March, 1958, pp. 366-367.
This Act was
passed by the West Pakistan Assembly on 29th March, 1958; assented to by the
Governor of West Pakistan on 17th April, 1958; and; published in the West
Pakistan Gazette (Extraordinary), dated 23rd April, 1958, pages 615-16.
[2][2]Substituted by the Punjab
Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974) for “West Pakistan”
[7][7]Substituted by the Punjab
Laws (Adaptation) Order, 1974 (Pb. A.O. 1 of 1974) for “West Pakistan”
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