Malaysia legislation

Section 7

of BRETTON WOODS AGREEMENTS ACT 1957

Section 7

There shall be charged on the Consolidated Fund—

(a)

all sums payable to the International Bank for Reconstruction and Development under section 9 of Article II of the

Bank Agreement (which relates to changes in the par or foreign exchange value of currencies of members);

and

(b)

all sums required for the redemption of any notes or obligations created and issued to that Bank under this

Act.

8

Act 472

Charges and receipts

*8.  (1)  (Deleted by Act A18).

(2)

All sums received by or on behalf of the Government of

Malaysia from the International Bank for Reconstruction and

Development shall be paid into the consolidated Fund.

Orders for carrying the Agreements into effect

Section 7 — BRETTON WOODS AGREEMENTS ACT 1957 | mylaw.my