Explanatory note

The Overseas Aid Act 1968 section 1(5) provides that if the Government of the United Kingdom becomes bound by arrangements for the making of additional payments to the International Development Association, the Minister of Overseas Development may, with the approval of the Treasury, provide by order for the payment out of moneys provided by Parliament of any sums required by him for any of the purposes specified in that subsection.

This Order provides for the payment of a sum equivalent to U.S. $51,840,000 as an additional contribution to the Association, for the payment of any sum which may be required to maintain the foreign exchange value of that contribution, and for the redemption of non-interest-bearing and non-negotiable notes issued by the Minister in payment of that contribution. The Order further provides that certain sums which may be received by the Government of the United Kingdom from the Association shall be paid into the Consolidated Fund.