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Finance Act 1946
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63Exchange Equalisation Account.
(1)The purposes for which the Exchange Equalisation Account may be used shall include the conservation or disposition in the national interest of the means of making payments abroad, and Part IV of the [22 & 23 Geo. 5. c. 25.] Finance Act, 1932, shall have effect accordingly, and, in particular, the reference in subsection (3) of section twenty-four of that Act to the checking of undue fluctuations in the exchange value of sterling shall be deemed to include a reference to the securing of any such purpose as aforesaid.
(2)Subsection (1) of section one of the [2 & 3 Geo. 6. c. 64.] Currency (Defence) Act, 1939, is hereby repealed.
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