6. Replace-ment of section 5 of the prin-cipal enact-ment,
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Section 5 of the principal enactment is hereby re-pealed and the following section substituted therefor —
‘Approved
5.
credit agencies.
In this Ordinance “ approved cre-dit agency” means—
a licensed commercial bank within the meaning of the Banking Act, No.
30 of 1988;
the National Development Bank of
Sri
Lanka established by the
National Development Bank of Sri
‘Lanka Act, No. 2 of 1979:
the State Mortgage and Investment
Bank established by the State Mort-gage and Investment Bank Law,
No. 13 of 1975;
the Development Finance Corpora-tion of Ceylon established by the
Development Finance Corporation of Ceylon Act (Chapter 165) ;
any company, or any co-operative society in respect of whom an Order has been made under cartinn &
Nothing in this Ordinance shall be deemed or construed to authorize any insti-tution mentioned in paragraphs (b), (c)
and (d) of subsection (1) to make loans or afford any credit facilities in consideration of the execution of trust receipts, if the power to make such loans or to afford such faci-lities is not conferred on such institution by
.the Ordinance providing for the establish-ment, powers and functions of such institu-tion’.