BENEFIT TO PEASANTS
(N.Z.P.A.-Reuter—Copyright) LIMA (Peru), May 22. President Fernando Belaunde Terry of Peru has promulgated an agrarian reform law to redistribute more than 17m acres of cultivated land among the country’s 3m peasants. The land will be expropriated from large estates and will be paid for with Government bonds. The law excludes sugar plantations from which Peru derives a considerable proportion of her- foreign exchange. This agrarian reform is considered by many Peruvians to be a social revolution aimed at abolishing the feudal system by which Indians are bound in personal service.
Some of the peasants will receive land taken from their Inca ancestors by the Spaniards. To pay for it they will be given Government loans for up to 20 years.
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Bibliographic details
Press, Volume CIII, Issue 30448, 23 May 1964, Page 3
Word Count
123BENEFIT TO PEASANTS Press, Volume CIII, Issue 30448, 23 May 1964, Page 3
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