§ 23. Sir A. Hurd
asked the Secretary of State for the Colonies what provision he will make for increasing the resources of the land bank and Settlement Board in Kenya to ensure that suitable land offered for sale is taken up at fair values to make new farms for both Europeans and Africans and so give confidence for the further farming development which is essential to the economy of Kenya.
§ Mr. Iain Macleod
Her Majesty's Government have provided £4 million in Exchequer loans towards the Colony's58W development programme in 1960–61 and within that programme the Colony have allocated £300,000 in loans to increase the irredeemable capital of the Land Bank. Her Majesty's Government have also agreed to make available for the Colony's land settlement scheme over £3½ million in loans and grants in the period to the end of March, 1964. This and the money that it is hoped to obtain from the International Bank and other sources will enable the Settlement Board to undertake the purchase of the largest acreage of suitable land that can be efficiently handled by the Board in the period of the current scheme.