5.
| (1) For the purpose of providing any sums required to be paid out of the Consolidated Fund of Ceylon under section 4, the Minister of Finance is hereby authorized to raise loans, on behalf of the Government of Ceylon, by the creation and issue to the Central Bank of Ceylon, in such form as he thinks fit, of non-interest bearing and non-negotiable notes or obligations. |
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| (2) Notwithstanding anything in the Monetary Law Act, the Central Bank of Ceylon is hereby authorized to accept and hold any notes or obligations created and issued in accordance with the provisions of subsection (1) of this section. |
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| (3) There shall be paid out of the Consolidated Fund of Ceylon all sums required for the redemption of any notes or obligations created and issued to the Central Bank of Ceylon under subsection (1) of this section. |
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Sri Lanka Consolidated Acts