Bretton Woods Agreements (Amendment) Act, 1977

Consequential amendments of Principal Act and Act of 1969.

4.—(1) Section 3 of the Principal Act (as amended by the Act of 1969) is hereby amended—

(a) by the substitution in subsection (2) of the following paragraphs for paragraphs (b), (c), (f) and (g), respectively:

“(b) payments under paragraph (a) of Section 3 of Article III of the Fund Agreement,

(c) payments under paragraph (b) of Section 11 of Article V of the Fund Agreement,

(f) payments under Schedule J of the Fund Agreement,

(g) payments under Schedule K of the Fund Agreement,”,

and

(b) by the substitution in subsection (8) of “Article XXI” for “Article XXVII” in each place where it occurs.

(2) Section 3 of the Act of 1969 is hereby amended by the substitution of “Special Drawing Rights Department” for “Special Drawing Account” in each place where it occurs.

(3) Section 6 of the Act of 1969 is hereby amended by the substitution of “Section 4” for “Section 5”.