AGRICULTURISTS' LOANS ACT, 1958
(West Pakistan Act XVII of 1958)
1. Short title and
2. Power of Government
to make rules.
3. Recovery of loans.
4. Liability of joint
borrowers as among themselves.
5. Repeal and savings.
AGRICULTURISTS’ LOANS ACT, 1958
(West Pakistan Act
XVII of 1958)
An Act to consolidate the law
relating to the advancement and recovery of taccavi loans for agricultural
purposes in the Province of [the
WHEREAS it is expedient to consolidate the law relating to the advancement
and recovery of taccavi loans for agricultural purposes in the Province of
It is hereby enacted as follows:-
1. Short title and extent.—
(1) This Act may be called [the
Punjab] Agriculturists’ Loans Act, 1958.
[(2) It extends to the
whole of the Province of [the
Punjab], except the Tribal Areas.]
2. Power of Government to make rules.—
(1) Government may make rules as to:-
(a) loans to be made to owners
and occupiers of arable land for the relief of distress, purchase of land,
cattle and seed and other agricultural purposes; and
(b) sale of seed on credit to
owners and occupiers of agricultural land.
(2) All such rules shall be published
in the official Gazette.
Recovery of loans.— The loans
made, the price of seed sold and the interest (if any) chargeable thereon,
together with the cost of recovery, if any, shall be recoverable as arrears
of land revenue from the persons to whom the loans were made or the seed was
sold or their sureties.
Liability of joint borrowers as among themselves.—
When a joint loan is made under this Act to members of a village community
or any other persons on such terms that all of them are jointly and
severally bound to pay the whole amount and a statement showing the shares
of the various borrowers, signed, marked, or sealed by such of them or their
duly authorized agents and the officer making the order is entered upon the
order granting the loan that statement shall be conclusive evidence of the
share which each of those borrowers is bound to contribute.
5. Repeal and savings.— (1) The
following enactments are hereby repealed:-
(a) the Agriculturists’
Loans Act, 1884;
(b) the Agriculturists’
Loans (Punjab Amendment) Act, 1951;
(c) the Agriculturists’
Loans (Punjab Amendment) Act, 1955;
(d) the Agriculturists’
Loans (Sind Amendment) Act, 1941;
(e) the Khairpur State
Agriculturists’ Loans Act, 1952;
(f) the West Pakistan
Agriculturists’ Loans Ordinance, 1958.
All rules, appointments and orders made, authorities and powers conferred,
liabilities incurred, times and places appointed and other things done under
any of the repealed enactments mentioned in sub-section (1) shall, so far as
may, be deemed to have been respectively made, conferred, incurred,
appointed and done under this Act and all arrears of advances and interest
shall be recoverable under this Act.