5. Section 12 of the principal enactment is hereby amended as follows:
| (1) by the repeal of subsection (1) thereof, and the substitution therefor, of the following subsection:
| | " (1) The Governor of the Central Bank shall be appointed by the President on the recommendation of the Minister in charge of the subject of Finance,"; | | |
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| (2) in the proviso to subsection (2) thereof, by the substitution, for the words" accepting or holding any academic office or position", of the words "accepting or holding any academic office or position or any office or position in an institution or organization, established for the purpose of carrying on research in the subjects of economics, money, banking, statistics and finance" ; and |
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| (3) by the repeal of subsection (3) thereof, and the substitution therefor, of the following subsection:-
| | " (3) The Governor shall receive such salary as may be fixed by the President on the recommendation of the Minister in charge of the subject of Finance. ". | | |
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Sri Lanka Consolidated Acts