Land Bank, noun phrase

Origin:
Shortened form of Land and Agricultural Bank of South Africa.
A financial institution making loans to farmers, agricultural co-operatives, and statutory agricultural institutions, established in 1912 by the Land Bank Act. Also attributive.
1911 J.F. Pentz in Farmer’s Weekly 11 Oct. 156Let the next Parliament..vote for Land Banks and..for scientific veterinary research, to solve our cattle diseases.
[1912 Act 18 in Stat. of Union 370There shall be established in the Union a bank under the name of ‘The Land and Agricultural Bank of South Africa’.]
1912 Act 18 in Stat. of Union 412This Act may be cited for all purposes as the Land Bank Act, 1912.
1915 J.K. O’Connor Afrikander Rebellion 88A Land Bank on a larger scale than the existing Bank was to be established.
1927 Outspan 18 Mar. 63Farmers who are not in a position to afford double fences along the trunk-road over their farms may be assisted with loans bearing a lower rate of interest than that charged by the Land Bank.
1936 Cambridge Hist. of Brit. Empire VIII. 799Provision was made in each of the colonies before Union for advances of capital by a Government Land Bank to farmers on first mortgages of their land, and to agricultural co-operative societies. The Land Banks were absorbed by a Union Government Act of 1912 in a new Land and Agricultural Bank of South Africa.
1951 Afr. Drum Mar. 24Loans from the Farmers’ Home Administration (F.H.A.), a federal agency of the United States Government (equivalent to South Africa’s Land Bank).
c1967 J. Hobbs in New S. Afr. Writing 67He paid a formal visit to the Land Bank,..and rode back from the Dorp in a snorting red Massey-Ferguson, brand new.
1973 Farmer’s Weekly 13 June 13The Land Bank grants four types of loans to farmers: Mortgage loans, charge loans, hypothec loans and loans in the form of cash credit accounts. The Land Bank and Agricultural Bank of South Africa is an autonomous institution and is responsible to Parliament through the Minister of Finance.
1976 V. Rosenberg Sunflower 39Jim Flattery had bought the farm in 1906 at four shillings and sixpence a morgen in terms of a Land Bank scheme designed to assist Bushveld farmers.
1986 J. Conyngham Arrowing of Cane 88Back came the Afrikaners, accustomed to hardships and bolstered by a benign Land Bank and faith in their government.
1992 Financial Mail 13 Mar. 71The Land Bank..often holds first bonds.
A financial institution making loans to farmers, agricultural co-operatives, and statutory agricultural institutions, established in 1912 by the Land Bank Act. Also attributive.
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Land Act, noun phrasen. phr.landdrost, nounn.
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