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Article 3 Relevant Payments

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 not exceeding £114,135,370 in accordance with arrangements made between the Government and the Bank in accordance with the Eighth Replenishment Resolution; and

(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 Bank pursuant to the arrangements mentioned in paragraph (a) above.