Tonga Development Bank Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act provides for the constitution of the Tonga Development Bank as a corporation and defines its functions, powers and rules of internal organization.
The Bank shall enhance the development of the economy of Tonga by giving financial and advisory assistance at its discretion to any enterprise operating or about to operate in Tonga. The Bank may, among other things, provide agricultural extension services to enterprises. The Bank shall acquire and take over from Government the Agricultural Credit Scheme, the Fisheries Loan Scheme and the Small Scale Industries Fund.
The Bank shall enhance the development of the economy of Tonga by giving financial and advisory assistance at its discretion to any enterprise operating or about to operate in Tonga. The Bank may, among other things, provide agricultural extension services to enterprises. The Bank shall acquire and take over from Government the Agricultural Credit Scheme, the Fisheries Loan Scheme and the Small Scale Industries Fund.
Attached files
Web site
Long title of text
An Act to establish the Tonga Development Bank and to regulate its functions, powers and objects and matters relative thereto.
Notes
Consolidated version of 1988 of Chapter 106 as amended last by Act No. 15 of 1985.
Repealed
Yes
Serial Imprint
Tonga Consolidated Legislation - 1988 Revised Edition of the Laws of Tonga.
Source language
English
Legislation Amendment
No
Amended by
Repealed by