The African Development Fund (Sixth Replenishment) Order 1992

• Citation: S.I. 1992/398
• Sections: 4

Section 1

(1) This Order may be cited as the African Development Fund (Sixth Replenishment) Order 1992 and shall come into force forthwith.

(2) In this Order—

“the Agreement” means the Agreement establishing the African Development Fund dated 29th November 1972 and ratified by the Government of the United Kingdomon 30th June 1973 ;

“the Fund” means the African Development Fund established by the Agreement;

“the Government” means the Government of the United Kindom;

“the Resolution” means the Resolution entitled “Resolution F/BG/91/05 concerning additions to the Resources of the Fund: Sixth General Replenishment” adopted by the Board of Governors of the Fund on 8th May 1991.

Section 2

The Secretary of State may make payment on behalf of the Government out of money provided by Parliament of a further subscription to the Fund of a sum not exceeding £71,915,912 in accordance with arrangements made between the Government and the Fund in accordance with the Resolution.

Section 3

The Secretary of State may out of money provided by Parliament 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 him and accepted by the Fund in accordance with the Agreement or the said arrangements.

Section 4

Any sums received by the Government in pursuance of the said arrangements shall be paid into the Consolidated Fund.