The Caribbean Development Bank (Subscription to Shares of the Capital Stock) Order 1970

2.  The Minister may, on behalf of Her Majesty's Government in the United Kingdom, out of monies provided by Parliament—

(a) make payment of an initial subscription to the capital stock of the Bank of a sum equivalent to ten million United States dollars of the weight and fineness in effect on 1st September 1969 in accordance with paragraph 1 of Article 6 of the Agreement, paragraphs 1 and 2 of Article 7 thereof and Annex A thereof (which relate to the initial subscription of members, that of the United Kingdom being fixed by category B of the said Annex);

(b) make any payments which may become payable under Article 24 of the Agreement (which relates to falls in the par or foreign exchange value of currencies of members);

(c) make payment of sums required to redeem any non-interest-bearing non-negotiable notes or other obligations which may be issued or created by the Minister and accepted by the Bank in accordance with paragraph 5 of Article 7 of the Agreement in place of any amount due in currency from Her Majesty's Government in the United Kingdom by way of initial subscription to the Bank.