Section 24: Grant of loan
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
24. Grant of loan
(1) The Committee may, on application being made, grant a loan to—
(a) a worker for the purpose of financing the building of a house for
personal occupation;
(b) a miller for the purpose of building houses for personal occupation by workers employed by him;
(c) any other person where the Committee, with the approval of the
Minister, is satisfied that the loan will promote the welfare of
workers.
(2) (a) Subject to paragraph (b), the loan for any one house referred to in
subsection (1) (a) or (b) shall not exceed an amount to be decided by the
Committee and approved by the Minister.
(b) The Committee may, over and above the amount specified in
paragraph (a), make an additional loan to cover expenses incurred in connection with the loan.
[S. 24 amended by Act 4 of 1990.]