[Extracts from the Proceedings of the Governor General's Council, 

 dated the 4th January, 1884J] 



AGRICULTURISTS' LOANS BILL. 



The HON'BLE SIR STBUART BAYLEY said that the Act which he was 

 asking the Council to amend was known as the Northern India 

 takavi Act. The Act was a very small one, and its whole essence 

 consisted of one section, which said that, 



" The Local Government may, from time to time, with the previous sanction of 

 the Governor General in Council, make rules as to loans to be made to owners and 

 occupiers of arable land, for the relief of distress, the purchase of seed or cattle or 

 any other purpose not specified in the Land Improvement Loans Act, 1883, but 

 connected with agricultural objects." 



The loans were to be recovered as arrears of land revenue. The 

 object of the amending Bill was, in the first place to correct a small 

 omission which was made in the original Act. The omission was this, 

 that, although the loans themselves were recoverable as arrears of 

 revenue, no arrangement was made for the recovery of interest on 

 these loans. It was proposed to provide for this. The second point 

 was that the Act, which extends at present only to Northern India, 

 might, at the option of other Local Governments, be extended to the 

 provinces under their jurisdiction. The third point was to provide 

 that loans given on the joint security of village committees, or to 

 other agricultural associations of the same kind, might be collected 

 on the joint responsibility in the same way as in the Agricultural 

 (Land) Improvement Loans Act. These were all the proposals of 

 the amended Bill. 



