# The European Bank for Reconstruction and Development (Subscription to Capital Stock) Order 1991, Article 2


The Secretary of State may, on behalf of the Government out of moneyprovided by Parliament—
(a) make payment of an initial subscription to the authorised capitalstock of the Bank not exceeding in the aggregate ECU 851,750,000 inaccordance with the Agreement;
(b) make payment of sums required to redeem any non-interest-bearing andnon-negotiable notes or other obligations which may be issued or createdby him and accepted by the Bank in accordance with the Agreement.

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Source: https://www.legislation.gov.uk/uksi/1991/1144/article/2 (the official version)
Page: https://openlegislation.uk/european-bank-for-reconstruction-and-development-subscription-to-capital-stock-order-1991/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.