HC Deb 23 April 1953 vol 514 c80W
Mr. Brockway

asked the Secretary of State for the Colonies what supervised credit programmes are to be instituted for the Uganda Credit and Savings Bank.

Mr. Lyttelton

I assume that the hon. Member refers to the recently published Bill under which Africans who have no recognisable title to land may be granted loans for productive development from the Uganda Credit and Savings Bank on the recommendation of an African Local Government which would guarantee 50 per cent. of any such loan, and would have rights of supervision to ensure fulfilment of the terms of credit. Loans in respect of buildings and lands in townships and in Buganda are expressly excluded from the Bill.