Agricultural Credit Act, 1929

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Amendments of the Schedule to the Principal Act.

10.—(1) So much of paragraph 5 of the Schedule to the Principal Act as relates to the nomination of trustees is hereby repealed and in lieu thereof it is hereby enacted that one-half of the trustees mentioned in that paragraph shall always be nominated by the Minister and the other half of such trustees shall always be nominated by the directors.

(2) Paragraph 9 of the Schedule to the Principal Act shall be construed and have effect as if the words “subject to the restriction that no such certificate shall be issued at a less price than the amount of the principal sum secured thereby” were omitted therefrom.