Section 5
Power to subscribe to shares of the capital stock of the Bank
of Asian Infrastructure Investment Bank Act 2017
The Minister is authorized to subscribe on behalf of the
Government—
(a)
to shares of the original authorized capital stock of the
Bank in accordance with paragraph 1 of Article 5 of the
Agreement to an amount not exceeding one hundred and nine million and five hundred thousand United States dollars;
(b)
where the shares of the Government have been increased at the request of the Government under paragraph 3
of Article 5 of the Agreement, to the amount of such increase; and
(c)
where the original authorized capital stock of the Bank is increased under paragraph 4 of Article 5 of the Agreement, to a proportion of the increase of stock as provided in that paragraph.
Sums payable to the Bank to be charged on the Consolidated