Commonwealth Consolidated Acts

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INTERNATIONAL MONETARY AGREEMENTS ACT 1974 - SECT 4

Subscription for capital stock of Bank

  (1)   The Treasurer may, on behalf of Australia, make an agreement or agreements with the Bank providing for the purchase by Australia of 341 additional shares of the capital stock of the Bank at a price per share that is the equivalent of 100,000 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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