Land Bank Amendment Act 5 of 1968

The Land Bank Amendment Act 5 of 1968 intends:

• to amend the provisions of the Land Bank Act, 1944 [repealed in 2002], relating to:
  • remuneration of members of the board of the Land and Agricultural Bank of South Africa,
  • dipping tank advances, fencing advances, silo advances, advances to provide for a supply of water, advances to provide for a supply of electricity, advances to farmers in the form of a cash credit account, advances to farmers on hypothec of movable property, 
  • remedies of the bank against defaulting debtors,
  • the application of the proceeds of the sale of immovable property belonging to debtors of the bank,
  • to effect certain consequential amendments, including amendments arising froin the modification of other laws,
  • to effect certain changes in the terminology of the Land Bank Act, 1944,
• to repeal the Dipping Tanks (Advances) Act, 1911, the Dipping Tanks Further Provision Act, 1913, and section 12 (2) of the Fencing Act, 1963, and
• to provide for other incidental matters.

Commencement

6 March 1968