No. 14.] Agricultural Credit Societies Ordinance, 1915. [1915.
\\.- :d .,.
1st October, 1915.
No. 14 of 1915.
AN ORDINANCE for the registration, encouragement and
assistance of Agricultural Credit Societies under the Raiffei-
[ 1st October, 1915. ]
BE it enacted by the Governor, with the advice and consent
of the Legislative Council of Saint Lucia, as follows:-
No., 14.] Agriultural Credit Sooietis Qrdinan;q, 1253. [1915.
1. This Ordinance may be cited as the Agricultural Credit
Societies Ordinance, 1915.
Registrar of Royal
Court to be Regis.
trar of Sooieties
unuer this Ordin.
ree for registration.
Inquirie to be made
Notice of registra-
tion to be given.
2. The Registrar of the Royal Court, or such other officer
as the Governor may appoint, hereinafter called the Registrar,
shall be the Registrar of Agricultural Credit Societies under
3. All Agricultural Credit Societies wishing to obtain the
benefit of this Ordinance shall be registered thereunder.
4. Any Agricultural Credit Society desiring to be registered
under this Ordinance shall through the Secretary make applica-
tion in writing to the Registrar and shall supply him with-
(a) The name and office or place of business of the Society,
(b) The names and addresses of the Secretary and Treasurer,
(c) The names and addresses of the Trustees,
(d) The names and addresses of all members of the Society.
5. The Treasurer of any Society desiring to be registered must
be either a Minister of Religion or a Justice of the Peace or
some respectable and responsible person to be approved by
the Governor in Council.
6. The Secretary shall at the time of.application for registra-
tion of the Society pay to the Registrar a fee of five shillings.
7. Before registering any Society the Registrar shall with the
assistance of the local committee to be appointed as hereinafter
mentioned satisfy himself that the Treasurer, Secretary and
Trustees of the Society are persons of good repute and character
and that the Society is constituted in accordance with any rules
made under section 20 of this Ordinance.
8. No Society shall be registered which consists of less than
twelve members nor more than fifty members.
9. Upon the Registrar being satisfied as in section 7 men-
tioned, he shall register the Society under this Ordinance and
shall send a certificate of such registration to the Secretary
thereof and shall cause the fact of such registration to be notified
in the Gazette.
Manner of regtra- 10. (1) The Registrar shall keep a book in which shall be
tion by Begistrar. entered :
(a) The name and office or place of business of each regis-
NT~. 14.] Agricultural Uredit Societies Ordinance, 1915. [1915.
(b) The names and addresses of the Secretary, Treasurer
and Trustees thereof.
(c) The names and addresses of all members thereof.
(2) It shall be the duty of the Secretary of every Registered
Society to keep the Registrar informed of any change in the
office or place of business of the Society and in the names or
addresses of the Secretary, Treasurer or Trustees thereof and he
shall likewise notify to the Registrar the death or withdrawal of
any member of the Society and the names and addresses of any
new members and the Registrar shall make the alterations
thereby renderedl necessary in the book to be kept by him under
the provisions of this Ordinance.
(3) The Secretary of any Registered Society who shall be in
default for a period of one month in giving to the Registrar any
information or notification required by this section shall be
liable on summary conviction to a penalty not exceeding forty
11. Every Society registered under this Ordinance shall Societies to be
be governed by the Rules passed under section 20 of this Proisi on res.
Ordinance, and the provisions of the Friendly Societies Ordin- Friendly Societies
Ordinance not to
ance shall not apply to a Society so registered. apply.
12. A Society registered under this Ordinance may sue or Registered Society
be sued in the Courts of the Colony in the name of its Trustees. nmay ne or be sued
13. It shall be lawful for the Governor in Council on the Governor in Council
application of any Registered Society to advance by way of loan magtare soaie to
to such a Society a sum of money out of any surplus monies provided that loans
of the Colony in the hands of the Treasurer for the assistance of shall not exceed
such Society. Provided that the total amount of loans made by a3,ooo
the Governor in Council out of such surplus monies to Societies
under this Ordinance outstanding at any one time shall not
exceed the sum of three thousand pounds.
14. The following provisions shall apply to loans granted Provisions as to
by the Governor in Council under this Ordinance:- loans.
(a) The granting or refusal of a loan shall be in the absolute
discretion of the Governor in Council.
(b) The amount of the loan or loans to any one Society
shall not be larger than in the proportion of six pounds
to every member of the Society. Provided that the
No. 14.] Agricultural Credit Societies Ordinance, 1915. [1915.
Governor in Council may when he thinks fit make a
larger loan than in the proportion of six pounds to
every member of the Society.
(c) Subject to any renewal which may be permitted by the
Governor in Council no loan shall be for more than
(d) The Governor in Council shall have power on being
satisfied that there is good and sufficient reason therefore
to call in a loan at any time, and to cause the Colo-
nial Treasurer to take all such proceedings in the courts
as may be necessary to recover the full amount of that
(e) All loans shall bear interest at a rate not exceeding
660/ per annum payable half yearly or yearly.
(f) All loans shall be made on the joint and several liability
of the Trustees and every member of the Society.
(g) The Trustees on behalf of all the members of the
Society shall enter into an agreement for the repayment
of the loan and the payment of the interest thereon.
(h) The Governor in Council shall have power at any time
it may in his opinion appear requisite to do so and shall
at least once a year instruct a Public Auditor to investi-
gate and to report to him regarding the organization and
the administration of the business of any Society regis-
tered under the provisions of this Ordinance.
Provisions of sub-
sections (b) (d) (f)
(g) and (h) of Sec-
tion 14 of Ordinance
14 of 1915 to extend
to all loans.
No part of a Govern-
ment loan to be
applied to any but
15. The provisions of sub-sections (b) (d) (f) (g) and (h) of
Section 14 shall extend to all loans made under the Ordinance,
whether such loans are made by the Governor in Council or are
obtained from any other source whatsoever, and the said pro-
visions shall also extend to all Societies registered under the
Ordinance and to the accounts and officers of all such Societies.
16. It shall be unlawful for any Registered Society that has
obtained a loan from the Governor in Council or from any other
source whatsoever knowingly to allow any part of such loan to
be applied to any purposes but those incidental to agriculture;
likewise it shall be unlawful for any member of a Registered
Society who has obtained a loan from such Society to apply any
part of such loan to any purposes but those incidental to
agriculture. Any member of any Society contravening this
section will be liable on summary conviction to a fine not
exceeding twenty pounds.
No. 14.]- 4grioultural Oredit Societies Ordinance,: 1915. [1915.
17. It shall be unlawful for any Registered Society which has If loan already con.
contracted a loan or loans from the Governor in Council or from ernor in Council or
any other source whatsoever under the provisions of this private sources
Ordinance to borrow in addition from any other person without Societymaynotbor-
having first obtained the consent thereto of the Governor in rw'cs wiothte
Council or other Lender. Any Trustee of any Society contra- consent of Governor
evening this section will be liable on summary conviction to in council.
a fine not exceeding twenty pounds.
18. The full details of any loan made to any Society register-
ed under this Ordinance shall within 48 hours of the loan being
made be duly recorded by the Trustees of the Society in the
Registrar's Office. The Trustees shall likewise within 48 hours
after the repayment of a loan forward to the Registrar a certifi-
cate of discharge of the loan. Such records shall be open to
public inspection. Any Trustee of a Society failing to carry out
the provisions of this section shall be liable on summary con-
viction to a fine not exceeding five pounds.
19. Notwithstanding anything contained in any other Ordin-
ance, any agreement for the repayment of a loan made to a
Society, or any certified copy of such agreement, shall, on being
lodged in the Registrar's Office be deemed to be duly recorded.
Full details of loan
to be registered in
Penalties for failing
to do so.
agreement for re-
payment of loan, or
copy thereof, to
suffice for purposes
of record in Regis.
20. The Governor in Council shall appoint local Committees to Power to appoint
institute enquiries in accordance with the requirements of Committee to assist
Registrar and to
Section 7 of the Ordinance and such Committees shall advise make regaation
the Registrar of the result of such enquiries. The Governor
in Council may make regulations as to the scope and manner of
such enquiries and generally may make regulations for the
carrying out of the provisions of this Ordinance. The Governor
in Council shall also have power to make rules and forms for
the control and government of Societies registered under this
Ordinance and to amend or repeal the same.
21. The Registrar shall not be bound to give any reasons Registrarnotbound
whatsoever for any refusal to register a Society under this to give reasons.
Ordinance, but an appeal shall lie from any such refusal to the Appeal.
Governor in Council whose decision shall be final.
22. The Governor in Council shall have power for such reason
as may appear good and sufficient to him, at any time to cancel
the registration of a Society registered under the provisions
Cancellation of the
registration of the
l4o. 14.] Agricultural Oredi Societiee Ordinance, 1915. [1915.
Bonds, etc., given
of 1915 not to
charged with fees
Appointment of an
Inspector of Agri-
of this Ordinance. Provided that such cancellation shall not be
taken to affect the joint and several liability of the Trustees and
every member of the Society at the time of its dissolution, for
the repayment of all outstanding loans made to the Society
during its term of registration. A notification of any such can-
cellation shall without undue delay be published in the Gazette
and in one at least of the local Newspapers.
23. No Bond or other Security to be given in pursuance of the
provisions of this Ordinance or to or on account of any Society
registered under the provisions of this Ordinance shall be charg-
ed or chargeable with any fee or any duty whatsoever, and no
charge shall be made by the Registrar for certifying copies of
any forms or agreements made under the provisions of the
Ordinance and no fees shall be charged for any searches made
or for any certificate given thereon by the Registrar of Deeds
and Mortgages for the purpose of carrying out the provisions
of this Ordinance.
24. The Governor shall appoint an Inspector of Agricultural
Credit Societies whose duty it shall be to supervise and advise
upon the formation of Societies and to keep in close touch
with the affairs of Societies registered under this Ordinance.
The Inspector shall be paid such annual remuneration as may
from time to time be voted by the Legislative Council.
25. This Ordinance shall come into force on a day to be
proclaimed by the Governor in the Gazette.
Passed the Legislative Council this 28th day of September, 1915.
B. P. E. BULSTRODE,
Clerk of Councils.
PRINTED BT THE GOVERNMENT PRINTER, AT THE GOVERNMENT PRINTING OFFICE,
CASTRIRE, ST. LUCIA.