Commentary on Sections Section 1: Repeal of the Development Loans (Agriculture and Fisheries) Act (Northern Ireland) 1968
Due to a lessening demand for loans and the need to reduce Government expenditure, the Department of Agriculture and Rural Development, after consultation with the Ulster Farmers’ Union, ceased accepting loan applications after 30 November 1979. There is no principal outstanding on any loans and all loans advanced to the Agricultural Loan Fund from the Consolidated Fund have been paid in full. The legislation is no longer required and needs to be repealed.