The main purpose of this Bill is to vest the real estate holdings of Caroni (1975) Limited and Orange Grove National Company Limited in the State and to provide for the management thereof and for the development of business thereon, particularly in the areas of industrial light and heavy manufacturing, housing, commerce and agriculture.
The Bill also seeks to provide for the vesting of the operational undertakings of Caroni (1975) Limited in Sugar Manufacturing Company Limited, established to undertake the sugar cane processing and sugar refining business conducted by Caroni (1975) Limited.
This Bill was referred to a Special Select Committee of the Senate.
The Short and Long Titles were amended in the Act and now read as follows:
|Bill No.:||House of Representatives Bill 20 of 2004|
|Introduced in:||House of Representatives|
|Introduced by:||The Honourable Patrick Manning [Prime Minister and Minister of Finance]|
|Published in Gazette on:||16-Sep-2004, Vol.43 No.160|