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Agricultural Development Fund, Tanganyika

Volume 438: debated on Wednesday 18 June 1947

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asked the Secretary of State for the Colonies when the Agricultural Development Fund was started in Tanganyika; to what sum it now amounts, how it is derived, and on what purposes it is to be spent.

The Fund in question was started in October, 1943. The total amounts credited to the Fund up to 3rst of May is approximately £885,000. The Fund is derived from profits accruing from the purchase and resale by Government of African-grown cotton and coffee. The Fund is expended on the development and betterment of African agriculture.