Cap. 222 Art. 10Savings Bonds Fund.

(1) There shall be established a fund to be called the Savings Bonds Fund, and there shall be paid into the Fund all proceeds derived from the sale of bonds and there shall be paid out of the Fund all repayments of bonds.

(2) The fund shall be held and administered by the Bank in accordance with such directions as the Minister, after consultation with the Bank, may give.

(3) The repayment of all bonds outstanding at any time, the payment of any interest and, if bonds are issued at a premium, of any premium thereon, and all payments due under this Act are guaranteed by the Government and such moneys as may be required to effect any payment as aforesaid under the said guarantee shall be a charge on the Consolidated Fund and be payable out of the said Consolidated Fund and the assets of the Government.