Cap. 548 Art. 6Certain provisions of theAgreement given force of law in Malta.

(1) The provisions of Articles 45 to 51 inclusive of

Chapter IX of the Agreement shall have the force of law in Malta, so however that, nothing in Article 51 of Chapter IX of the

Agreement shall be construed -

(a) as entitling the Bank to import goods free of customs duty without any restriction on their subsequent sale in Malta;

(b) as conferring on the Bank any exemption from taxes and duties which form part of the price of goods acquired by the Bank in Malta; or

(c) as conferring on the Bank any exemption from taxes or duties which are in fact no more than charges for services rendered.

(2) Notwithstanding the provisions of any other law, no tax of any kind shall be levied on any obligation or security issued by the Bank or on any obligation or security guaranteed by the Bank.