14.
| (1) The Bank shall establish a Gem Reserve for the purpose of
| | (a) preserving gems as collector's items; | | |
| | (b) stock pilling gems for the purpose of trading and with a view to stabilizing the price of gems in the market. | | |
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| (2) The Bank may, with the prior approval of the Monetary Board
| | (a) purchase for the purpose of preservation, any gems which, in its opinion are desirable to be acquired for the Gem Reserve ; | | |
| | (b) accept any gems from local or foreign organizations and the public, to be kept and preserved in the Gem Reserve ; | | |
| | (c) sell, exchange or otherwise dispose of any gems referred to in paragraph (b) of subsection (1). | | |
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| (3) The Board may make rules with the approval of the Monetary Board as regards the management and the administration of the Gem Reserve. |
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Sri Lanka Consolidated Acts