The Caribbean Development Bank (Further Payments) Order 1991

Explanatory Note

(This note is not part of the Order)

This Order provides for the payment on behalf of the Government of the United Kingdom to the Caribbean Development Bank of a subscription to the increased authorised capital stock of the Bank not exceeding US$20,881,884 pursuant to arrangements made with the Bank in accordance with a Resolution adopted by the Board of Governors of the Bank on 17th May 1990. The Order also provides for payments to maintain the value of the subscription to the increased authorised capital stock and for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the subscription. The Order further provides that any sums which may be received by the Government in pursuance of the arrangements relating to the subscription shall be paid into the Consolidated Fund. The provisions of Resolution No. 4/90 may be obtained by application to the Overseas Development Administration, Eland House, Stag Place, London SW1E 5DH.