3. Section 5 of the principal Act is hereby amended by the insertion, immediately after subsection (1) of that section, of the following subsections : -
| " (1A) Where the authorized capital stock of the International Bank for Reconstruction and Development is increased and Ceylon decides to subscribe suck proportion of the increase of that capital stock as Ceylon is entitled to subscribe under paragraph (c) of section 3 of Article II of the Bank Agreement, there shall be paid out of the Consolidated Fund of Ceylon such sum as may be necessary for making such subscription in accordance with the conditions that may be decided by such Bank under the aforesaid paragraph (c). |
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| (1B) Where Ceylon decides to subscribe, pursuant to paragraph (b) of section 3 of Article II of the Bank Agreement, to shares of the authorized capital stock of the International Bank for Reconstruction and Development in addition to its minimum subscription, there shall be paid out of the Consolidated Fund of Ceylon such sums as may be necessary for subscribing to such shares.". |
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Sri Lanka Consolidated Acts