4,
| (1) For the purpose of providing any sums required to be paid out of the Consolidated Fund of Sri Lanka under section 3, the Minister in charge of the subject of Finance is hereby authorized to raise loans, on behalf of the Government of Sri Lanka, by the creation and issue to the Central Bank of Sri Lanka, 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 (Chapter 422) the Central Bank of Sri Lanka is hereby authorized to accept and hold any notes or obligations created and issued in accordance with the provisions of sub section (1) of this section. |
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| (3) There shall be paid out of the Consolidated Fund of Sri Lanka all sums required for the redemption of any notes or obligations created and issued to the Central Bank of Sri Lanka under subsection (1) of this section. |
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Sri Lanka Consolidated Acts