Section 2
Interpretation
of Forest Concession Area (Rehabilitation and Development) Fund Ordinance, 1985 ( Ord. No. 7/85 )
—
(1)
In this Ordinance—
“Board” means the Board of Trustees constituted under section 4;
“financial institutions” means any bank or financial institution licensed under the Banking and Financial Institutions
Act 1989 [Act 372], or the Offshore Banking Act 1990 [Act 443];
[Ins. Cap. A67.]
“forest concession” includes any licence or permit issued under the Forests Ordinance [Cap. 126 (1958 Ed.)] for the felling, removal and sale of forest produce;
[Ins. Cap. A67.]
4
Ord. No. 7/85
“forest concession area” means any place or land within the area which is or has been covered by a licence or permit issued under the Forests Ordinance, and which is or has been subject to logging activities or operation authorized under such licence or permit;
[Ins. Cap. A67.]
“Fund” means the Forest Concession Area (Rehabilitation and Development) Fund established under section 3.
“Government” means the Government of the State of
Sarawak;
“land development scheme” means any scheme approved by the Government for the development of Native Customary Land or for the development of agricultural estates or plantations or planted forests by or through any body corporate incorporated under any written law or any company approved by the
Government;
[Ins. Cap. A67.]
“Native Customary Land” shall have the same meaning assigned to that expression by the Land Code [Cap. 81 (1958
Ed.)];
[Ins. Cap. A67.]
“planted forests” has the meaning assigned to that expression by the Forests Ordinance;
[Ins. Cap. A67.]
“Secretary” means the Secretary for the Board appointed under section 5(b);
[Ins. Cap. A67.]
5
“securities” means—
(a)
shares, debentures, equity or other securities issued by a company approved by the Government to undertake or carry out any land development scheme in
Sarawak;
(b)
bonds or other securities issued by the
Government or the Government of Malaysia;
(c)
shares in any company listed on the Kuala
Lumpur Stock Exchange;
(d)
unit trusts of any Trust Fund approved or established under any written law; and
(e)
shares, equity or securities in any company reserved or allotted specially for subscription by natives.
[Ins. Cap. A67.]
(2)
In this Ordinance a reference to the Yang di-Pertua Negeri shall be construed as a reference to the Yang di-Pertua Negeri acting in accordance with the advice of the Majlis Mesyuarat Kerajaan
Negeri or of a Member of it acting under the general authority of the
Majlis.