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 contribution to the Fund of a sum not exceeding £9,252,510 in accordance with arrangements made between the Government and the Bank pursuant to the Resolution;

(b)

make payment in sterling of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Secretary of State and accepted by the Bank in accordance with the arrangements mentioned in paragraph (a) above.