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 in the aggregate £511,260,000 in accordance with arrangements made between the Government and the Association pursuant to the terms of 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.