This Act establishes the right of a joint owner of land to recover an amount paid as potion of repayment of a government loan charged upon a plantation in co-ownership. Conditions for the right of summary recovery are acting in good faith of the paying co-owner and for purposes of preventing proceedings by parate execution being taken against the plantation. Payment of half of the moiety of the government loan charged on the plantation by an owner of a separate half of the land shall discharge him or her from further liability but shall not affect the subsistence of a lien for the unpaid moiety of the loan on the other half of the plantation. (4 sections)
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Originally a Dutch colony in the 17th century, by 1815 Guyana had become a British possession. The abolition of slavery led to settlement of urban areas by former slaves and the importation of indentured servants from India to work the sugar plantations. The resulting ethnocultural divide has persisted and has led to turbulent politics. Guyana achieved independence from the UK in 1966, and since then it has been ruled mostly by socialist-oriented governments. In 1992, Cheddi JAGAN was elected president in what is considered the country's first free and fair election since independence.