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General fund.
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12.—Section 23 of the Act of 1989 is hereby amended by the insertion after subsection (4) of the following subsections:
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“(5) Any claims on or liabilities to the European Central Bank shall be treated as assets or liabilities of the general fund or such other fund as may be established by order of the Minister for that purpose.
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(6) Regulations under subsection (2) may provide for any matter arising from the implementation of Chapters VI, VIII and IX of the Statute.
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(7) In exercising the powers conferred on the Minister by subsections (2) and (4), the Minister shall have regard to the powers, functions and duties conferred on the Bank by or under the Treaty and the Statute.
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(8) In this Act—
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‘the Treaty’ means the Treaty establishing the European Community done at Rome on the 25th day of March, 1957 (as amended by the Treaty on European Union done at Maastricht on the 7th day of February, 1992);
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‘the Statute’ means the Statute of the European System of Central Banks and of the European Central Bank as set out in Protocol (No. 3) (annexed by the Treaty on European Union done at Maastricht on the 7th day of February, 1992) to the Treaty establishing the European Community done at Rome on the 25th day of March, 1957.”.
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