Modifications To Land Reform
In 1958, three provisions of the land reform law were revised:
- The interest on the bonds the government used to repay owners of seized land was lowered to 1.5%.
- People who purchased land from the government were given forty years (in place of thirty) to complete repayment.
- The government surcharge to be paid by purchasers was lowered to 10%.
In 1961, the government again revised the land reform program by lowering the land ownership maximum to one hundred feddans.
Read more about this topic: Egyptian Land Reform
Famous quotes containing the words land and/or reform:
“On board ship there are many sources of joy of which the land knows nothing. You may flirt and dance at sixty; and if you are awkward in the turn of a valse, you may put it down to the motion of the ship. You need wear no gloves, and may drink your soda-and-brandy without being ashamed of it.”
—Anthony Trollope (1815–1882)
“You have to make more noise than anybody else, you have to make yourself more obtrusive than anybody else, you have to fill all the papers more than anybody else, in fact you have to be there all the time and see that they do not snow you under, if you are really going to get your reform realized.”
—Emmeline Pankhurst (1858–1928)