OpenLegislation

Article 2

Original text. Later amendments are not shown.

The Secretary of State may, on behalf of the Government of the United Kingdom, out of money provided by Parliament–

(a)

make payment of a further subscription to the increased authorised capital stock of the Agency of sums not exceeding in the aggregate the equivalent of US$40,088,100 in accordance with arrangements made between the Government and the Agency in accordance with the Convention and the Resolution; and

(b)

make payment in sterling 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 Agency in accordance with the said arrangements.