3.—(1) The subsequent subsections of this section shall come into operation on the day on which the Agreement becomes effective pursuant to Section 3 of Article V thereof.
(2) There shall be paid out of the Central Fund or the growing produce thereof, in accordance with the Agreement, a contribution not exceeding £569,395 to the Special Action Account.
(3) For the purpose of the payment to the Special Action Account of the contribution provided for in subsection (2) of this section, the Minister may create and issue non-interest bearing notes of the State and any payments on behalf of the State in respect of such notes shall be made out of the Central Fund or the growing produce thereof.
