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Asian Development Bank (Additional Subscription) Act 1977
4Subscription for capital stock of the Bank
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4 Subscription for capital stock of the Bank
(1) The Treasurer may, on behalf of the Commonwealth, make an agreement or agreements with the Bank providing for the purchase by Australia of 2,869 paid-in shares, and 25,818 callable shares, of the capital stock of the Bank at a price per share that is the equivalent of 10,000 United States dollars. (2) Subject to this Act, an agreement so made may contain such terms and conditions as the Treasurer determines.