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Merchant Shipping Act 1979
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- UK Public General Acts
- 1979 c. 39
- SCHEDULE 4
- PART II
- Units of Account
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Units of Account
7(1)For the purpose of converting the amounts mentioned in articles 6 and 7 from special drawing rights into sterling one special drawing right shall be treated as equal to such a sum in sterling as the International Monetary Fund have fixed as being the equivalent of one special drawing right for—
(a)the relevant date under paragraph 1 of article 8 ; or
(b)if no sum has been so fixed for that date, the last preceding date for which a sum has been so fixed.
(2)A certificate given by or on behalf of the Treasury stating—
(a)that a particular sum in sterling has been fixed as mentioned in the preceding sub-paragraph for a particular date ; or
(b)that no sum has been so fixed for that date and that a particular sum in sterling has been so fixed for a date which is the last preceding date for which a sum has been so fixed,
shall be conclusive evidence of those matters for the purposes of those articles; and a document purporting to be such a certificate shall, in any proceedings, be received in evidence and, unless the contrary is proved, be deemed to be such a certificate.
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