Cap. 575 Art. 34Other powers of the Minister.

(1) The powers conferred on the Minister by article

33 shall include the power to authorise the Treasury Department to make such arrangements as may be necessary to create and issue under this Act such amount of securities for the purpose of carrying out any arrangement in pursuance of article 33(a), (b) and (c).

(2) In the exercise of his powers under article 33, the Minister shall have regard to the recommendation of the Committee.

(3) Any arrangement authorised by the Minister under article 33 may be effected on a voluntary basis to holders of existing securities. The Accountant General shall publish immediately after the approval the terms and conditions of any offer and arrangements authorised under sub-article (1).