Section 3: Establishment and objects of Trust
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Establishment and objects of Trust
(1) There is established a Fishermen Investment Trust which shall be a
body corporate.
(2) The objects of the Trust shall be to invest, directly or through a body
controlled by it in—
(a) fishing activities;
(b) fish processing activities;
(c) fish marketing; and
(d) such other activities related to the fishing industry as may be
approved by the Board.
(3) The Board shall, in carrying out its objects—
(a) have due regard to the interests of fishermen in general; and
(b) operate on a commercial basis and ensure that it earns a reasonable return on its investments.