CHAPTER 358
GENERAL LOANS (GUARANTEE) ACT

Arrangement of Sections

   Section

   1.   Short title

   2.   Interpretation

   3.   Guarantee of obligations of corporation

   4.   Application of borrowing of corporation

   5.   Repayment of sums paid by United Kingdom under guarantee

   6.   Implementation of agreements

      SCHEDULE

AN ACT

to empower the Government to guarantee the discharge by certain corporations of their obligations under agreements between such corporations and governments, the International Bank for Reconstruction and Development, the Commonwealth Development Corporation or other bodies or organizations outside Zambia; and to provide for matters incidental to or connected with the foregoing.

[29th September, 1964]

Act 51 of 1964,

GN 497 of 1964.

1. Short title

This Act may be cited as the General Loans (Guarantee) Act.

2. Interpretation

In this Act, unless the context otherwise requires—

“agreement” means an agreement made between a corporation and—

      (a)   a government or any division or department of a government; or

      (b)   the World Bank or,