European Bank for Reconstruction and Development Agreement Act

Marginal note:Initial subscription

• 6 (1) The Minister may provide for payment out of the Consolidated Revenue Fund to the Bank, in the manner and at the times provided for in the Agreement, of an amount not exceeding one hundred and twenty million American dollars, in respect of Canada’s initial subscription of shares.

• Marginal note:Supplementary payments

  (2) The Minister may provide for further payments to the Bank, in respect of supplementary subscriptions of shares, by way of

  • (a) direct payments; or

  • (b) the issuance of non-interest-bearing, non-negotiable demand notes.

• Marginal note:Payment out of C.R.F.

  (3) The Minister may make payments out of the Consolidated Revenue Fund for the purposes of subsection (2) in an aggregate amount not exceeding US$85,988,945.20, or any greater amount that is specified in an appropriation Act.