Relevant Payments
3. The Secretary of State may, on behalf of the Government, out of money provided by Parliament—
(a)make payment of a further contribution to the Fund not exceeding £23,492,000 in accordance with arrangements made between the Government and the Bank in accordance with the Resolution; and
(b)make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by him and accepted by the Bank pursuant to the arrangements mentioned in paragraph (a) above.