OpenLegislation

Article 2

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 Association not exceeding £1,000,000,000 in accordance with arrangements made between the Government and the Association in accordance with the 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 her and accepted by the Association pursuant to the arrangements mentioned in paragraph (a) above.