Commonwealth Consolidated Acts

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ASIAN DEVELOPMENT BANK (ADDITIONAL SUBSCRIPTION) ACT 1972 - SECT 4

Subscription for capital stock of the Bank

  (1)   The Treasurer may, on behalf of the Commonwealth, make an agreement or agreements with the Bank providing for the purchase by Australia of Two thousand five hundred and fifty paid - in shares, and Ten thousand two hundred callable shares, of the capital stock of the Bank at a price per share that is the equivalent of Ten thousand United States dollars.

  (2)   Subject to this Act, an agreement so made may contain such terms and conditions as the Treasurer determines.



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