Cap. 548 Art. 4Authorization for signing of and acceptance of the Agreement.

The Minister is hereby authorised on behalf of the Government of Malta to sign the Agreement and to deposit with the

Government of the People’s Republic of China the instrument of acceptance of the said Agreement and of the terms and conditions prescribed thereunder relating to the admission of Malta to membership, or by instrument under his hand to empower such person as may be named in such instrument to sign the said Agreement and to deposit the said instrument of acceptance as aforesaid.

(b) on behalf of Malta to fulfil all its obligations, to exercise all its rights and to perform all its functions ensuring from Malta’s participation in the Agreement.

(2) The Central Bank of Malta may, if it thinks fit, create and issue to the Bank any such non-interest bearing and non-negotiable promissory notes or other obligations as are provided for by Article 6(6) of the Agreement (which Article relates to the acceptance by the Bank of promissory notes or similar obligations in place of currency).

(3) The Central Bank of Malta is hereby authorised to receive from the Bank any sums relating to Malta’s subscription and any sums to be received by reason of operations or transactions between Malta and the Bank under Chapter III of the Agreement.

(4) Any interest due to Malta or any charge or assessment due by Malta, as the case may be, by reason of Malta’s membership in the Bank, shall be payable to or by the Central Bank of Malta on behalf of Malta.