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Regulation 4 Method of payment

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The fee is to be paid, and the repayment made, in currency circulating at the place of payment.

(2)

The rate of exchange to be used for calculating the equivalent of the fee or repayment in foreign currency is to be based on the rate of exchange which is generally prevailing on the date, and at the place, of payment of the fee.