Introductory text

Whereas it is provided in section 7(2) of the Overseas Development and Co-operation Act 1980 (“the Act”) ^f1 that the aggregate amount of the sums which may be paid out of money provided by Parliament for making payments in fulfilment of any undertaking given by the Government of the United Kingdom in pursuance of paragraph 3 of Article 3 of the Agreement for the establishment and operation of the Asian Development Bank ^f2 (undertaking to be responsible for obligations of another member for whose external relations the United Kingdom is responsible) shall not exceed £90,000,000 or such greater sum as may from time to time be specified in an order made by statutory instrument by the Secretary of State with the approval of the Treasury;

And whereas under the Asian Development Bank (Extension of Limit on Guarantees) Order 1986 ^f3 the said amount was increased to £140,000,000;

And whereas a draft of this Order has been laid before the House of Commons in accordance with section 7(3) of the Act and has been approved by a resolution of that House;