National Loans Act 1968

Section 2.

SCHEDULE 2 International Monetary and Financial Agreements

Bretton Woods Agreements Act 1945(1945 c. 19—9 & 10 Geo. 6.)

Sums required for the purpose of paying the subscriptions, compensation and other sums described in paragraphs (a), (b), (c) and (d) of section 2(1) shall be paid out of the National Loans Fund.

Sums received by Her Majesty's Government in the United Kingdom from the International Monetary Fund (other than sums received by reason of the operations of the Exchange Equalisation Account) shall be paid into the National Loans Fund.

In section 2(4) (creation of notes or other obligations charged on Consolidated Fund) after " charged on " insert " the National Loans Fund with recourse to ".

European Monetary Agreement Act 1959(1959 c. 11)

In section 2(1) (payments by U.K. Government under Agreement) for references to the Consolidated Fund substitute references to the National Loans Fund.

In section 2(2) (limit on payments) the reference to the Consolidated Fund shall include a reference to the National Loans Fund, so that the limit applies to the aggregate of sums paid out of the two Funds.

In section 2(4) (repayments into Exchequer) for " Exchequer " read " National Loans Fund ".

International Development Association Act 1960(1960 c. 35)

In section 2(4) (creation of notes or other obligations charged on Consolidated Fund) after " charged on " insert " the National Loans Fund with recourse to ".