Explanatory note

This Order provides for the payment to the International Bank for Reconstruction and Development, in accordance with arrangements made with it relating to the 1979 General Capital Increase of the resources of the Bank, of an additional subscription equivalent to US $1,467,886,680. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the additional subscription. The Order further provides that certain sums which may be received by the Government of the United Kingdom from the Bank shall be paid into the Consolidated Fund. The provisions of Resolution No. 346 may be obtained by application to the Overseas Development Administration, Eland House, Stag Place, London, SW1E 5DH.