Singapore legislation
Clause 18
Clause 18
Amendment of section 29
Section 29 of the Currency Act is amended —
(a)
by deleting the words “every third month” in subsection (3) and substituting the words “each quarter”; and
(b)
by deleting subsection (4) and substituting the following subsection:“(4) The Board shall publish at quarterly intervals in the Gazette an abstract showing —
(a)
the amount of the Currency Fund determined by the Board to be adequate for the purposes of section 21(5) and the forms of assets in which that amount is held; and
(b)
the nominal value and price paid for and, where appropriate, the latest known market price of securities belonging to the Currency Fund.”.