The International Development Association (Fourth Replenishment: Interim Payments) Order 1974

• Citation: S.I. 1974/1881
• Sections: 4

Section 1

(1) This Order may be cited as the International Development Association (Fourth Replenishment: Interim Payments) Order 1974 and shall come into operation on 8th November 1974.

(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 .

(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 of Overseas Development may make payment on behalf of Her Majesty's Government in the United Kingdom out of moneys provided by Parliament of additional contributions to the Association of sums not exceeding in the aggregate sixty-eight million eight hundred and twenty-one thousand five hundred and sixty pounds, in accordance with arrangements made between Her Majesty's said Government and the Association.

Section 3

The Minister of Overseas Development 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 4

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.