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| (1) The Minister, whenever authorized thereto by a resolution of Parliament, may direct the Deputy Secretary to the Treasury to borrow, by the issue in Sri Lanka of Treasury Certificates of Deposit, sums not exceeding the amount specified in such resolution ; and the Deputy Secretary to the Treasury may also, with the approval of the Minister, borrow, from time to time, by the issue of such Treasury Certificates of Deposit such sums as may be required to pay off at maturity, Treasury Certificates of Deposit, lawfully issued by him under this Act and outstanding. |
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| (2) All acts or things necessary for the purpose of, and in connection with, the issue and payment of Treasury Certificates of Deposit under this Act shall be done on behalf of the Deputy Secretary to the Treasury by an officer of the -Central Bank authorized in that behalf by the Monetary Board of that bank. |
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| (3) Every Treasury Certificate of Deposit issued under ibis Act shall bear the signature in facsimile of the Deputy Secretary to the Treasury. |
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| (4) The Monetary Board may delegate the functions relating to the issue and payment of Treasury Certificate of Deposit to a person authorized in writing in that behalf, |
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Sri Lanka Consolidated Acts