Explanatory note

This Order provides for the payment to the African Development Bank of a subscription equivalent of 139,900,000 Units of Account to the increased authorised capital stock of the Bank pursuant to arrangements made with the Bank in accordance with Resolution B/BG/98/05 concerning the general increase in the capital stock of the Bank adopted by the Board of Governors of the Bank on 29th May 1998. The Order also provides for the payment of any sum which may be required to maintain the value of that subscription, and for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of that subscription. It further provides that certain sums that may be received by the Government of the United Kingdom from the Bank shall be paid to the Consolidated Fund. The provisions of Resolution B/BG/98/05 may be obtained by application to the Department for International Development, 94 Victoria Street, London SW1E 5JL.