Sri Lanka Consolidated Acts

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Foreign Exchange Entitlement Certificates (Repeal) Law (No. 17 of 1977) - Sect 3

Power of Governor to issue directions in cases of hardship

3.
(1) Where any hardship is caused to any person in consequence of the repeal of the Foreign Exchange Entitlement Certificates Act, No. 28 of 1968, in respect of any transaction not provided for in section 2 of this Law, it shall be competent to the Governor to issue to any commercial bank, such directions as he may deem just and equitable in the circumstances of the case:
(2) Any sum paid in pursuance of a direction issued under subsection (1) shall be a charge on the Consolidated Fund.

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