83 tal-1981
Table of Provisions (11)
Statutory Text (11 Articles)
L.N. 83 of 1981
AGRICULTURAL AND FISHING INDUSTIUES
(FINANCIAL ASSISTANCE) ACT, 1956
(ACT NO. 11 OF 1956)
Arrangements for the p.rovisions. of l<�illancial Assistance
THE following arrangements made in persuance of section 3 (I) of
the Agricultural and Fishing Industries (Financial Assistance) Act. 1956
( h e r ei naft e r referred to as "the Ac t } are notified for general informa
"
,
tion.
L (l) The Director of Agriculture and Fisheries, a representa
tive of the Attorney General, a representative of the Secretary,
Ministry of Finance, Customs and People's Financial Investments,
the Manager or the Assistant Manager of the Milk Marketing Under
taking and an Assistant l-lead in the Department of Agricuiture and
Fisheries shaH constitute a Commission to consider applications for
financial assistance under the Act.
(2) The Director of AgricuJture and Fisheries shall be the
Chairman of the Commission and he shall designate an officer of the
Department of Agriculture to act as Sccretary to the Commission.
(1) Id-Direttur ta' l-Aglikoltura u Sajd, rappreżentant ta'
l-Avukat Ġenerali, rappreżentant tas-Segretarju, Ministeru tal-Fin
anzi, Dwana u Investimenti Finanzjarja tal-Poplu, il-Manager jew
l-Assistent Manager ta' l-Impriża tal-Ħalib u Assistent Kap fid-Dipar
timent ta' l-Agrikoltura u Sajd għandhom jiffurmaw Kummissjoni biex
tikkonsidra applikazzjonijiet għal għajnuna finanzjarja skond l-Att.
(2) Id-Direttur ta' l-Agrikoltura u Sajd għandu jkun iċ
Chairman tal-Kummissjoni u għandu jinnomina uffiċjal mid-Diparti
ment ta' l-Agrikoltura biex jagħmilha ta' Segretarju tal-Kummissjoni.
Applications for financial assistance under the Act shalI be
made on a form appr ov ed by the Commission which sha1I be sent to
the Secretary of the Commission at the Department of Agriculture.
Only citizens of Malta permanently resident in Malta shaIl
be entitled to apply for assistance under the Act.
Applicants for financial assistance shall furnish to the Com
mission such information and evidence as the Commission may re
quire for the purpose of considering the application.
Financial assistance under the Act shaH only be given on the
recommendation of the Commission with the approva l of the Minis
ter responsible for Agriculture and Fisheries 01' an officer nominated
by him for the purpose.
Any agreement relating to the giving of financial assistance
under the Act shaH be made by a private writing or by a notarial deed,
as the case may require, and shaH be executed on behalf of the Go
vernment of Malta by the Director of Agriculture and Fisheries, 01'
by an officer not below the rank of Assistant Read in the Department
of Agriculture delegated by the Director to act in this behalf.
Financial assistance under the Act may be given subject to
such conditions, agreements and obligations imposed upon 01' under
taken by the recipient as the Commission may advise. Such condi
tions and obligations shall include an undertaking on the par t of the
recipient --
(a) to repay any loan together with the interest thereon
in accordance with the terms of the agreement;
(b) not to sell nar dispose of in any other manner, the pro
perty in or the possession of anything a cquired or improved with
the aid of a 10an or grant without the previous consent in writing
of the Minister responsible for Agriculture and Fisheries before
the loan is completely repaid or, in the case of a grant, during
such period as the agreement may prescribe;
(c) to maintain anything purchased or improved with the
aid of the financial assistance afforded, in proper order and con
dition to the satisfaction of the Minister responsible for Agricul
ture and Fisheries, and al10w any person authorised by the
Minister responsible for Agriculture and Fisheries to inspect
such thing at all reasonable times;
(d) in the event of the recipjent failing to comply with all
the terms of the agreement with the Government entered into
by him in respect of the financial assistance afforded, the total
amount of such assistance shaH become repayable to the Govern
ment immediately.
Loans made under these arrangements sha1l be repaid
as
follows
Up to fl,OOO with in a maximum period of 5 years.
Over fl,OOO and up to f3,000 within a maximum period of 7
years.
Over 0,000 and up to f5,000 within a maximum period of 10
years.
Over f5,000 and up to flO,OOO within a maximum period of 15
years.
Over flO,OOO withjn a maximum period of 20 years.
The rate of interest payable on loans made under the terms
of these arrangements, shaH be at rates of not less than three per cen
tum per annum nar more than the ruling commercial rate of interest.
This Notice shall supersede all previous arrangements.
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