4Gifts of lands, goods, &c.

4 Gifts of lands, goods, &c.

(1)  Where, in the opinion of the Minister, the making of a loan to a distressed person under section three would not afford adequate relief or assistance to that person, he may, in his absolute discretion, either in lieu of or in addition to making such a loan, do all or any of the following things, namely:

(a) Give to that person such moneys, land, or goods; and

(b) Carry out, or arrange for the carrying out, for and on behalf of that person of such work –

as he thinks fit, either unconditionally or upon and subject to such terms and conditions as he thinks fit.

(2)  A gift of money under this section may comprise –

(a) a lump sum;

(b) periodic payments; or

(c) both a lump sum and periodic payments.

(3)  For the purposes of this section, the Minister may acquire or obtain options to purchase lands and goods.