Sessional Paper No. 10 of 1969 Government Guarantee for a Loan from the East African Development and Commercial Development Corporation

Abstract

In accordance with the Loans (Guarantee) .Act, the Minister for Commerce and Industry has given notice of the following motion That, this House approoves the proposal by the Government to guarantee a loan from the Ea.st African Development :Bank to the Ino.ustri2.l and Commercial Development Corporation of D, sum not exceeding K£260 1 000 payable over a. period of 12 years including 4 years of grace and carrying a rate of interest of 8% per annum payable half yearly :plus a commitment fee of l % per annum on funds not disbursed as contained in Sessiona.l Paper No.10 of 1969 already laid on the Table of the House.