OpenLegislation

Article 2

Original text. Later amendments are not shown.

The Secretary of State may, on behalf of the Government, out of money provided by Parliament—

(a)

make payment of a further subscripton to the Fund not exceeding £70,225,661 in accordance with arrangements made between the Government and the Fund in accordance with the Resolution;

(b)

make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by him and accepted by the Fund pursuant to the arrangements mentioned in paragraph (a) above.