Tanganyika Independence Act 1961

4 Property vested in, and grants to Tanganyika Agricultural Corporation, and loans under the Colonial Development and Welfare Act, 1959

(1) The Overseas Resources Development Act, 1954 (which, so far as still in force, provides for the reservation or disposal of property vested by that Act in the Tanganyika Agricultural Corporation and for the payment to the Secretary of State of the net proceeds of any such disposal) shall cease to have effect.

(2) The Tanganyika Agricultural Corporation Act, 1957 (which authorises the Secretary of State to make grants to the Governor of Tanganyika for the carrying on by the Tanganyika Agricultural Corporation of the undertaking transferred to it by section one of the said Act of 1954) shall have effect, as from the appointed day, as if for the references to the Governor there were substituted references to the government of Tanganyika.

(3) If, under any agreement made on or after the appointed day between the governments of Tanganyika and one or more territories which are colonies within the meaning of the Colonial Development and Welfare Act, 1959, an organisation is established for the purpose of providing or administering services which are common to, or relate to matters of common interest to, Tanganyika and that territory or those territories, section two of that Act (which authorises the making of loans by the Secretary of State) shall apply in relation to that organisation and the (revenues and assets of Tanganyika as it applies in relation to the government of a colony and the revenues and assets of a colony.