Singapore legislation
Section 4
Section 4
Power to subscribe to shares of Bank
(1)
Subject to subsection (2), the Minister may, on behalf of the Government —
subscribe to shares of the original authorised capital stock of the Bank in accordance with paragraph 1 of Article 5 to an amount not exceeding US$250 million;
where the shares of Singapore have been increased at the request of the Government under paragraph 3 of Article 5 — subscribe to the amount of such increase; and
where the original authorised capital stock of the Bank is increased under paragraph 4 of Article 5 — subscribe to a proportion of the increase of stock as provided in that paragraph.
(2)
The total subscription to the Bank may not exceed the sum of US$500 million unless increased with the approval of Parliament signified by resolution.