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Section 4

Power to subscribe to shares of the capital stock of the Bank

of Asian Development Bank Act 1966

ActIn forceProvision 4 of 8
Section 4

The Minister is hereby authorized to subscribe on behalf of the

Government of Malaysia—

(a)

to shares of the original authorized capital stock of the

Bank in accordance with section 1 of Article 5 in such amount as will not exceed twenty (20) million United

States dollars;

(b)

where the original authorized capital stock of the Bank is increased in accordance with section 2 of Article 5, to a proportion of the increase of stock as provided in that section; and

(c)

where the shares of Malaysia have been increased at the request of the Government of Malaysia in accordance with section 3 of Article 5, to the amount of such increase.

Sums payable to the Bank to be charged on the Consolidated