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The African Development Fund (Seventh Replenishment) Order 1997
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- 1997 No. 839
- Explanatory Note
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Explanatory Note
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This Order provides for the payment on behalf of the Government of the United Kingdom of a sum not exceeding £70,225,661 as a further subscription to the African Development Fund in accordance with the arrangements made with the Fund pursuant to the resolution entitled “Resolution F/BG/96/04 concerning additions to the Resources of the Fund: Seventh General Replenishment” adopted by the Board of Governors of the Fund on 23rd May 1996 as amended by the resolution entitled “Resolution F/BG/96/09 authorising special subscriptions under the Seventh General Replenishment of the Resources of the Fund” adopted by the Board of Governors on 30th September 1996.
The Order further provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the further contribution. The Order also provides that any sums which may be received by the Government of the United Kingdom in pursuance of the arrangements relating to the further subscription shall be paid into the Consolidated Fund.
The provisions of the Resolutions may be obtained by application to the Overseas Development Administration, 94 Victoria Street, London SW1E 5JL.
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