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Merchant Shipping Act 1995
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- UK Public General Acts
- 1995 c. 21
- SCHEDULE 7
- Part II
- Units of Account
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- 01/01/1996- Amendment
- 29/07/2022
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Merchant Shipping Act 1995, Cross Heading: Units of Account is up to date with all changes known to be in force on or before 01 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Units of AccountU.K.
7(1)For the purpose of converting the amounts mentioned in articles 6 and 7 from special drawing rights into sterling one special drawing right shall be treated as equal to such a sum in sterling as the International Monetary Fund have fixed as being the equivalent of one special drawing right for—U.K.
(a)the relevant date under paragraph 1 of article 8; or
(b)if no sum has been so fixed for that date, the last preceding date for which a sum has been so fixed.
(2)A certificate given by or on behalf of the Treasury stating—
(a)that a particular sum in sterling has been fixed as mentioned in sub-paragraph (1) above for a particular date; or
(b)that no sum has been so fixed for that date and that a particular sum in sterling has been so fixed for a date which is the last preceding date for which a sum has been so fixed,
shall be conclusive evidence of those matters for the purposes of those articles; and a document purporting to be such a certificate shall, in any proceedings, be received in evidence and, unless the contrary is proved, be deemed to be such a certificate.
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