§ 86 and 87. Sir J. Lucas
asked the Secretary of State for the Colonies (1) whether he will make available extra funds for the Kenya Land and Agricultural Bank, so that European farmers who wish to sell and African farmers who wish to purchase land in the non-settlement areas may be able to do so;
(2) if he is aware that money repaid to the Kenya Land Bank when land bought under the Government Settlement Scheme is sold will no longer revert to the bank revolving fund for fresh loans, but to the British Treasury; that this will further limit the help that can be 45W given to British settlers who wish to, or have to sell their farms; and what remedial action he proposes to take.
§ Mr. Sandys
Money repaid to the Land Bank when land bought under the Government Settlement Scheme is sold will not revert to the British Treasury but will be used to meet development costs under the Land Settlement Scheme.
Her Majesty's Government have agreed to provide an additional £200,000 this year for the Land Bank for the purpose of facilitating the purchase of land outside the settlement areas. The Kenya Government has requested that this provision should be increased; the request is under consideration.