Cap. 347 Art. 4Financial provisions relating to membership.

(1) There shall be paid out of the Consolidated Fund, on the warrant of the Minister, all sums required for the purpose of making all payments required to be made from time to time under the provisions of the Agreement.

(2) The Minister may, if he thinks fit, create and issue, or direct the Central Bank of Malta (as the depository for the Government of Malta for the purposes of Article 34 of the Agreement) to create and issue, to the Bank non-interest bearing and non-negotiable notes or other obligations as are provided for by Article 6(2) of the Agreement and the sums payable under such notes or obligations so created and issued shall be a charge on the Consolidated Fund:

Provided that, where the Minister has directed the Central Bank of Malta to create and issue notes or other obligations as aforesaid, the Minister shall also undertake to repay to the Central Bank of Malta such amount or amounts of notes or other obligations as may be called for payment by the Bank, such repayments to be made as soon as possible and in no case later than a month after the date of payment to the Bank; and in respect of any such payment all repayments due as aforesaid shall be a charge on the Consolidated Fund and the sums required for such repayments are hereby appropriated for that purpose.

(3) Any income or other sums allocated and distributed to the Government of Malta, or to the Central Bank of Malta, from the Bank by virtue of the subscription by Malta to the shares of the capital stock thereof shall be paid into the Consolidated Fund.