The Asian Development Bank (Sixth Replenishment of the Asian Development Fund) Order 1997

• Citation: S.I. 1997/2713
• Sections: 4

Section 1

(1) This Order may be cited as the Asian Development Bank (Sixth Replenishment of the Asian Development Fund) Order 1997 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 Sixth Replenishment Resolution” means Resolution No. 247 dated 22nd March 1997 of the Board of Governors of the Bank;

“The Fund” means 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 contributions to the Fund of a sum not exceeding £67,006,726 in accordance with arrangements made between the Government and the Bank pursuant to the Sixth 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 her 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.