Bretton Woods Agreements (Amendment) Act, 1969

Certain asset vested in Central Bank.

5.—(1) The asset represented by the claim relating to the amount by which the Government's quota in the Fund exceeds the aggregate of any outstanding amounts represented either by notes or other obligations created and issued to the Fund by the Minister for Finance pursuant to section 3 (3) of the Principal Act or by the Central Bank pursuant to section 6 of this Act is hereby vested in the Central Bank.

(2) Any amount by which the Government's said quota exceeds the aggregate of any outstanding amounts represented by notes or other obligations so created and issued by the Minister for Finance shall be credited by the Central Bank against any sum advanced to that Minister under section 3 (7) of the Principal Act and outstanding.