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GHANA
TIMBER MARKETING BOARD (RECOVERY
OF LOANS) DECREE, 1968 (NLCD 294)
ARRANGEMENT OF PARAGRAPHS
Paragraph
1. Ghana Timber Marketing Board to
be deemed to be a Body Corporate.
2. Recovery of Loans, Etc.
3. Due date of Payment in Respect
of Loans Granted Prior to 24th
February, 1966.
4. Board to act through Interim
Management Committee or any
Authorised Person.
5. Duty of Persons to give
Information or other Assistance.
6. Commencement.
IN pursuance of the Proclamation
entitled "Proclamation for the
Constitution of a National
Liberation Council for the
Administration of Ghana and for
other matters connected therewith"
published in Gazette No. 11 of
Monday, 28th February, 1966, this
Decree is hereby made:—
Paragraph 1—Ghana Timber Marketing
Board to be deemed to be a Body
Corporate.
The body known immediately before
the publication of this Decree in
the Gazette as the Ghana Timber
Marketing Board shall, with effect
from the commencement of this
Decree, and notwithstanding
anything to the contrary, be
deemed in law to have been a duly
incorporated statutory corporation
with power to sue and be sued and
with power also to enter into any
transaction that appears to that
body to be expedient for promoting
the development of the timber
industry and trade in Ghana.
Paragraph 2—Recovery of Loans,
Etc.
The Ghana Timber Marketing Board
shall have the right to recover
from any person to whom any loan
has been granted either by that
Board or by the body known as the
Ghana Timber Co-operative Union,
any moneys due in respect of such
loan and also to enforce any other
financial obligation incurred by
any person whatsoever in respect
of any such loan (whether the
obligation is incurred to the
Board or not) including (but
without prejudice to the
generality of the foregoing) any
obligation under any mortgage,
pledge, bill of sale, debenture or
any other security whatsoever.
Paragraph 3—Due date of Payment in
Respect of Loans Granted Prior to
24th February, 1966.
For the purposes of enforcement by
the Ghana Timber Marketing Board
of its rights under paragraph 2 of
this Decree in respect of any
loans granted to any person prior
to the 24th day of February, 1966
all sums granted under any such
loans and remaining unpaid
immediately prior to that date
shall, notwithstanding any
provision of any contract or other
instrument by which any such loan
was granted and also
notwithstanding anything to the
contrary whatsoever, be deemed to
have fallen due and become payable
on the 24th day of February, 1966.
Paragraph 4—Board to act through
Interim Management Committee or
any Authorised Person.
Any right conferred on the Ghana
Timber Marketing Board by this
Decree as well as any other powers
exercisable by the Board by
virtue of the provisions of this
Decree may be exercised by the
Board itself or may be exercised
on behalf of the Board by the
Interim Management Committee
appointed by the National
Liberation Council to manage the
affairs of the Board or by any
other person duly authorised by
the said Interim Management
Committee or by the National
Liberation Council.
Paragraph 5—Duty of Persons to
give Information or other
Assistance.
(1) It shall be the duty of any
person who appears to the Interim
Management Committee to have in
his possession any information
necessary for the due discharge of
any function of the Board under or
by virtue of this Decree or to be
in a position to assist the due
exercise of any such function, to
give any such information or to
give any such assistance as may be
requested from him by any person
authorised to act on behalf of the
Board under paragraph 4 of this
Decree.
(2) Any person who without
reasonable excuse (proof of which
shall be on him) refuses or
neglects to give any information
or assistance requested from him
under sub-paragraph (1) of this
paragraph shall be guilty of an
offence and shall be liable on
summary conviction to a fine not
exceeding Ną500 and also to a
further fine not exceeding Ną10
for each day that the offence
continues.
Paragraph 6—Commencement.
This Decree shall be deemed to
have come into force on the 2nd
day of July, 1962.
Made this 10th day of October,
1968.
LT.-GEN. J. A. ANKRAH
Chairman of the National
Liberation Council
Date of Gazette Notification: 14th
October, 1968. |
