Pepce ce RSNeneA oy ' 2 rete cmanaeams oe ae ces migon as Chapter 4 Chapter 5 | ae. gc ECONOMIC EQUALITY Under Article 8 of the Trusteeship Agreement, the Administering Authority, subject to requirements of security and obligations to promote the advancement of inhabitants, accords to nationals, companies, and associations of each nation treatment in the Territory no less favorable than that accorded to nationals, companies, and associations of any other national except the Administering Authority. PRIVATE INDEBTEDNESS Usury, as commonly known, is gi generally a problem. There J instances, however, of interest rates: private loans between individuals ] high as 10% a month. Credit unig by making it easy for members] borrow money for useful purposes g réasonable interest rate, have redug this problem considerably. 4 SECTION 4: ECONOMIC RESOURCES,, ACTIVITIES, AND SERVIC Legislative provisions have a co }¥ made for plant and animal quarang Chapter 1 to prevent import and spread of hag GENERAL The Administration has by law restricted ownership ofland to citizens of the Territory. The restriction, how- ever, does not divest or impair the right, title, or interest of noncitizens or their heirs or devisees, in lands in the Territory held by such persons prior to December 8, 1941. Under some circumstances lands may be leased by noncitizens of the Territory for investment purposes if the projected use of the land promises direct economic benefits to the people of the Territory. 48 ful pests throughout the Territg Controls on clearing land by bun have been established. Harvesting trochus may be restricted to a seg May through December, at the digg tion of the district administrator trochus shell less than three inchg diameter at the base is to be ta Replanting of trochus beds is aug ized. Fishing with dynamite, ¥ grenades, or any other form of; plosive, except for specific author scientific purposes, is prohibi Restrictions on taking turtles, spol and black-lip mother-of-pearl og shell are in effect. These regulatiog relate to conserving and protecting! economic resources of the Terrill penalties are provided for viola Part VI—Economic Advance