Sri Lanka Consolidated Acts

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Bretton Woods Agreements (Amendment) Act (No. 4 of 1961) - Sect 2

Amendment of section 3 of Chapter 424. [ 2, 19 of 1959.]

2. Section 3 of the Bretton Woods Agreements Act, hereinafter referred to as " the principal Act", is hereby amended by the insertion, immediately after subsection (1) of that section, of the following subsection :-
" (1A) Where the subscription of Ceylon to the International Monetary Fund is increased in consequence of an increase in the quota of Ceylon there shall be paid out of the Consolidated Fund of Ceylon such sums as may, under section 4 of Article III of the Fund Agreement, be necessary for paying in gold and Ceylon currency the amount of the increase in such subscription. ".


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