Herbert Ainsworth Settlers Trust Amendment Act 3 of 1964

Herbert Ainsworth Settlers Trust Amendment Act, 1964 (No. 3 of 1964)

Act

to extend the powers conferred on the South African Trustees of the Herbert Ainsworth Settlers Fund by the will of the late Herbert Ainsworth, as amended by the Herbert Ainsworth Settlers Trust Private Act, 1934, and the Herbert Ainsworth Settlers Trust Private Act, Amendment (Private) Act, 1953.

(English text signed by the State President.)
(Assented to 14th February, 1964.)

Be it enacted by the State President, the Senate and the House of Assembly of the Republic of South Africa, as follows:-

Extension of powers of trustees of Herbert Ainsworth Settlers Fund.

1. Notwithstanding anything to the contrary contained in clause 7 of the will of the late Herbert Ainswonh referred to in the Herbert Ainsworth Settlers Trust Private Act, 1934 (Act No. 31 of 1934), or in that Act or the Herbert Ainsworth Settlers Trust Private Act, Amendment (Private) Act, 1953 (Act No. 4 of 1953), the South Mrican trustees shall have power to assist men of British birth to come to the Republic from any place and settle there as farmers or market gardeners, by means of advances not exceeding twenty thousand rand to any one such man, subject to repayment w1thin such period, not exceeding fifteen years, as may be determined by the said trustees, together with interest at such rate, not being less than three per cent per annum, as may be so determined.

Short title.

2. This Act shall be called the Herbert Ainsworth Settlers Trust Amendment Act, 1964.

Commencement

19 February 1964