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Amendment of section 3 of the Act of 1961.
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3.—Section 3 of the Act of 1961 is hereby amended by—
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(a) the insertion in subsection (1) after “money” of “(including money in a currency other than the currency of the State)”, and
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(b) the insertion after subsection (4) of the following new subsections—
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“(5) For the purposes of this section, money raised or borrowed by the Corporation in a currency other than the currency of the State shall be deemed to be the equivalent in the currency of the State of the actual money raised or borrowed, such equivalent being calculated according to the rate of exchange at the time of the raising or borrowing of the money.
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(6) Where—
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(a) the equivalent in currency of the State of other currency is being calculated for the purposes of this section, and
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(b) the currencies having, at the time specified in this section, par values established under the Articles of Agreement of the International Monetary Fund include the currency of the State and the other currency, the reference in subsection (5) of this section to the rate of exchange at that time shall be taken as referring to the rate of exchange based on those values.”.
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