Regulation of the Ministers of Finance and Agriculture No 86 / 1953 Coll.
Regulation on financial assistance to single agricultural cooperatives and private farmers
Valid
Effective from 30.10.1953
86.
Regulation
Finance and Agriculture Ministers
of 28 October 1953
on financial assistance to single agricultural cooperatives and privately managed farmers.
In order to consolidate and further develop uniform agricultural cooperatives, the overall increase in agricultural production and the increase in the standard of living of cooperatives as well as privately-managing peasants according to a declaration by the Government approved by the National Assembly of the Czechoslovak Republic on 16 September 1953, the Ministers of Finance and Agriculture according to § 41 (4) of Act No. 241 / 1948 Coll., on the first five-year economic plan for the development of the Czechoslovak Republic (Act on the Five-Year Plan) shall:
Interest rate reduction and credit write-offs.
(1) In order to facilitate the further expansion of the investment of uniform agricultural cooperatives (cow, pig, calf, poultry and other establishment for common livestock production, the extension and improvement of the basic herd, the establishment of facilities for common plant production, etc.), the following additional assistance shall be provided to the single agricultural cooperatives:
1. the interest rate on investment credits granted to single agricultural cooperatives shall be halved from 1 January 1953, i.e. from 3% to 1.5%,
2. single agricultural cooperatives will be written off from investment loans until their full repayment of the amount equal to the payments made and exceptional repayments of the cooperative's own funds to such loans, provided that the cooperative has properly performed its production and supply tasks, provides seed and feed funds and pays the payments made,
3. single agricultural cooperatives with common plant and animal production shall be written off annually from 1953 5% of the long-term non-investment loans (consolidation, foundation and j.) which arose before 1 June 1953, provided that the cooperative has properly performed its production and supply tasks, provides seed and feed funds and properly pays the specified instalments; such depreciation will be carried out on the balance recorded on 1 June 1953.
(2) The depreciation referred to in paragraphs 1 (2) and (3) shall be carried out on 31 October of each year after payment of the instalments due, provided that the loan has not been fully repaid by such instalments. The depreciation referred to in paragraph 1 (3) shall also be granted to cooperatives authorised to defer payments.
Deferred payments and interest.
(1) The following assistance is provided to increase agricultural production and to increase the pensions of members of the single low-wage agricultural cooperatives:
1. the repayment of investment and long-term non-investment loans will be adjusted in such a way that single agricultural cooperatives pay less in the first years and more in later years (progressive repayment),
2. according to the situation of the cooperative, the deferral of instalments and interest shall be authorised:
(a) 3 to 8 years of long-term non-investment loans;
(b) 1 to 3 years of investment credits if the buildings and other investments for which the loan was granted are put into service;
(c) 2 to 3 years of short-term operating loans granted before 1 March 1953;
(d) one year of short-term operating loans granted from 1 March 1953 under new credit rules.
(2) No interest shall be charged on the loans for which the deferral has been granted for the duration of the deferral.
(3) Additional investment credits may be granted to single agricultural cooperatives with common plant and animal production which could not be granted by the Investment Bank under the applicable credit rules on the basis of a proposal from the Regional National Committee's Board of Directors to build the common facilities necessary to increase livestock production; these loans will be granted provided that they contribute to the single agricultural cooperatives to improve their management over the coming years.
Loan to privately-owned farmers.
(1) On the recommendation of the local national committees, public savings banks may grant the following loans to private farmers:
1. short-term loans for operational needs, in particular:
(a) the purchase of fertilisers, seeds and seed;
(b) to cover invoices for the work of machinery and tractor stations;
(c) pay wages in seasonal field work;
(d) the purchase of animals for fattening and the purchase of feed.
Short-term loans will be granted up to 50% of the expected revenue for the compulsory supply of agricultural products at an interest rate of 5%,
2. long-term loans, in particular:
(a) for fertilisation, reclamation and soil melioration;
(b) the purchase of breeding animals;
(c) construction work for residential and economic buildings and installations.
Long-term loans will be granted for a period of between 3 and 5 years at an interest rate of 4%, up to a maximum of the amount that the privately-operating farmer will be able to pay from his sales during that period.
(2) The long-term loan referred to in paragraph 1 (2) (c) may also be granted to members of single agricultural cooperatives for the adaptation of their own housing and farm buildings and facilities.
(3) Workers who go to agriculture from industry or other sectors and become members of single agricultural cooperatives may, on the recommendation of the executive bodies of the local national committees, grant a loan for the construction of their own residential and economic buildings and facilities for a period of 3 to 15 years at an interest rate of 2%. The credit shall be granted up to a maximum of the amount which a member of the single agricultural cooperative will be able to pay for his income during that period.
(4) The loans referred to in paragraphs 1 to 3 are granted by the state savings banks under the Ministry of Finance guidelines.
Support to single agricultural cooperatives.
(1) The following direct aid may continue to be granted to single agricultural cooperatives carrying out production and supply tasks and other obligations towards the State:
1. for construction and equipment for common livestock production up to 30% of the construction load, where the construction and installation are built on the basis of self-help in the cooperative's own direction; the amount of aid is governed by the principle: the more cost-effective the construction, the higher the aid,
2. to cover the costs of breaking down the limits according to the economic engineering adjustment project; aid may be granted up to 100% of the total load,
3. for the construction of common facilities for the economic treatment of land, i.e. the establishment of roads, waste treatment, redundancies, the removal of terrain barriers and the like, in mountain areas up to 80%, in other areas up to 25% of the total load; aid may be granted for land reclamation in connection with the economic treatment of land up to 50% of the total load;
4. water investment (melioration), depending on the nature of the installation, up to 100% of the total load;
5. exceptional support for natural disasters, animal diseases and the like.
(2) Support is provided by the Regional National Committees under the guidelines of the Ministry of Agriculture.
This Regulation shall enter into force on the day of its publication.
Broad v. r.
Uher v. r.
Děuriš v. r.
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Regulation Information
| Citation | Regulation of the Ministers of Finance and Agriculture No 86 / 1953 Coll., on financial assistance to single agricultural cooperatives and privately managed farmers |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.10.1953 |
|---|---|
| Effective from | 30.10.1953 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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