The Asian Development Bank (Fifth Replenishment of the Asian Development Fund and Second Regularized Replenishment of the Technical Assistance Special Fund) Order 1993

• Citation: S.I. 1993/1060
• Sections: 4

Section 1

(1) This Order may be cited as the Asian Development Bank (Fifth Replenishment of the Asian Development Fund and Second Regularized Replenishment of the Technical Assistance Special Fund) Order 1993 and shall come into force forthwith.

(2) In this Order—

“the Agreement” means the Agreement establishing the Asian Development Bank dated 4th December 1965 ;

“the Bank” means the Asian Development Bank established by the Agreement;

“the Fifth Replenishment Resolution” means Resolution No. 214 dated 24th February 1992 of the Board of Governors of the Bank;

“the Funds” means the Technical Assistance Special Fund of the Bank established by a Resolution of the Board of Directors of the Bank, contained in Board Document R46–47, Revision 1, Final, dated 19th December 1967 and administered in accordance with Regulations adopted by the Board of Directors of the Bank on17th September 1981, and the Asian Development Fund of the Bank established by Resolution No. 62 dated 28th April 1973 of the Board of Governors of the Bank.

Section 2

The Secretary of State may make payment on behalf of the Government out of money provided by Parliament of further subscriptions to the Funds of a sum not exceeding £86,289,081 in accordance with arrangements made between the Government and the Bank pursuant to the Fifth Replenishment 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 Bank in accordance with the said arrangements.

Section 4

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