AGRICULTURAL CO-OPERATIVE SOCIETIES (DEBENTURES) ACT, 1934
This Act was implemented to facilitate agricultural co-operative societies in Ireland by allowing them to issue debentures. This legislative measure aimed to support and stimulate rural economic development by providing farmers and agricultural cooperatives with the means to raise capital for their operations. By authorising these societies to secure loans against the value of owned assets, the Act sought to enhance their financial stability and enable expansion or improvement of agricultural activities. This was crucial in fortifying Ireland’s agriculture sector and promoting community-based economic growth in the 1930s.
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