Section 3 Payments out of and into Consolidated Fund.

Any sums required for the purpose of making payments in pursuance of undertakings given by Her Majesty’s Government in the United Kingdom under section 1(b) of Article VIII or section 1 of Article IX of the Agreement (which provide for undertakings to be given by members of the support fund to support borrowing by the fund) shall be paid out of the Consolidated Fund.

Any sums received on account of payments made out of the Consolidated Fund under subsection (1) above shall be paid into that Fund.

Immediately after any undertaking is given as mentioned in subsection (1) above, the Treasury shall lay a statement of the undertaking before each House of Parliament.