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4 Power of Treasury to create and issue notes and other obligations to Fund.U.K.

(1)The Treasury may, if they think fit so to do, create and issue to the International Monetary Fund, in such form as they think fit, any such non-interest-bearing and non-negotiable notes or other obligations as are provided for by section 4 of Article III of the Fund’s Articles of Agreement.

(2)The sums payable under any such notes or other obligations shall be charged on the National Loans Fund with recourse to the Consolidated Fund.