Explanatory note

This Order provides for the payment to the Asian Development Bank of a subscription not exceeding the equivalent of 435,866,318.50 United States dollars to the increased authorised capital stock of the Bank pursuant to arrangements made with the Bank in accordance with Resolution No. 232 adopted by the Board of Governors of the Bank on 22nd May 1994. The Order also provides for payments to maintain the value of the subscription to the increased authorised capital stock and for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the subscription. The Order further provides that any sums which may be received by the Government of the United Kingdom in pursuance of the arrangements shall be paid into the Consolidated Fund. The provisions of Resolution No. 232 may be obtained by application to the Overseas Development Administration, 94 Victoria Street, London, SW1E 5JL.