Been Set Up
p. 17 · Read in the full issue
To Assist New
Enterprise
BSIP Loans Board Has Been Set Up
THE Agricultural and Industrial Loans Board Regulation, a measure designed to encourage private enterprise, was signed in the British Solomon Islands Protector ate in January.
The Regulation provides for the jgtablishment of a Board with power to make loans for the de velopment, maintenance and im provement of lands; the promotion md development of crafts and in iustries, etc.
The High Commissioner’s approval B necessary for any loan which ex seeds £2,000, or if period of repay nent exceeds 15 years. The Board las power to charge such rate of nterest on loans as it may think it. or to grant any particular loan ither wholly or partly free of in erest.
The Chief Secretary Western •acific High Commission, Mr. R. J. linnitt, has been appointed Chair lan of the Board. Other members re Mr. C. A. Kirkman and Mr. !. H. Allan.
Steps will be taken to publicise tiese new opportunities in BSI.