XN000022-1972-12-27 — Page 6

5

Wednesday, December 27, 1972

The World Refugee Year Loan Fund is available to fishermen's and

farmers' co-operative societies. Since 1964, over $1.3 million have been

lent out to fishermen's co-operatives, and $1.2 million have been repaid.

During the last financial year, 18 loans were issued, totalling $258,800.

The Fish Marketing Organisation Loan Fund, established in 1946,

is a short-term loan for productive purposes. Since the inception of the

Fund, 8,402 loans totalling $37.3 million have been granted, and $33 million

repaid.

During 1971-72, 251 loans were made to 287 people.

The F.M.O. Loan Fund (Colonial Development and Welfare Loan Fund

Surplus) was established with surpluses accrued from the Colonial Development

and Welfare Mechanization Loan Scheme.

Seven loans amounting to $76,000 were made to fishermen during the

last financial year. Since 1967 a total of 36 loans amounting to $236,000

have been made.

16