The International Finance Corporation (Further Payment to Capital Stock) Order 1978

Statutory Instruments

1978 No. 1152

OVERSEAS AID

The International Finance Corporation (Further Payment To Capital Stock) Order 1978

Laid before the House of Commons in draft

Made

31st July 1978

Coming into Operation

1st August 1978

Whereas it is provided in section 2(1) of the Overseas Aid Act 1968 as amended by section 7(2) of the International Finance, Trade and Aid Act 1977 that if Her Majesty's Government in the United Kingdom becomes bound by any arrangements for the making of any further payment to an international development bank other than the initial subscription or contribution to its capital stock, the Minister of Overseas Development may with the approval of the Treasury by order made by Statutory Instrument make provision for the payment out of moneys provided by Parliament of any sums required by him for any of the purposes specified in that sub-section.

Now, therefore, the Minister of Overseas Development, in exercise of the powers conferred upon him by section 2 of the Overseas Aid Act 1968 as amended by section 7(2) of the International Finance Trade and Aid Act 1977 and with the approval of the Treasury, hereby makes the following Order:—