The International Development Association (Additional Payments) Order 1969

• Citation: S.I. 1969/429
• Sections: 5

Section 1

(1) This Order may be cited as the International Development Association (Additional Payments) Order 1969 and shall come into operation on 19th March 1969.

(2) In this Order—

“ the Association ” means the International Development Association established by the Agreement ;

“ the Agreement ” means the Articles of Agreement of the International Development Association dated 29th January 1960 and accepted on behalf of Her Majesty's Government in the United Kingdom on 14th September 1960 ;

the “ Minister ” means the Minister of Overseas Development .

(3) The Interpretation Act 1889 shall apply to the interpretation of, and otherwise in relation to, this Order as it applies to the interpretation of, and otherwise in relation to, an Act of Parliament.

Section 2

The Minister may make payment on behalf of Her Majesty's Government in the United Kingdom out of moneys provided by Parliament of an additional contribution to the Association of a sum equivalent to fifty-one million eight hundred and forty thousand United States dollars in the weight and fineness in effect on 1st January 1960, in accordance with arrangements made between Her Majesty's said Government and the Association.

Section 3

The Minister may make on behalf of Her Majesty's said Government out of moneys provided by Parliament any payment to the Association which may become payable under paragraph (a) of Section 2 of Article IV of the Agreement, as applied by the said arrangements.

Section 4

The Minister may redeem out of moneys provided by Parliament any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by him and accepted by the Association in accordance with the said arrangements or any provision of the Agreement applied by the said arrangements.

Section 5

Any sums received by Her Majesty's said Government from the Association in pursuance of the Agreement as applied by the said arrangements shall be paid into the Consolidated Fund.