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The Bank of Sierra Leone (Amendment) Act, 1983 [Margin: Short title.]

Status not yet checkedBanking and financeAct of Parliament · 2 provisions

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Added to the library by Umaru Afiz SESAY on Oct 25, 2026

Open the original documentSource: Law Reform Commission of Sierra Leone

Preamble

ACTS Supplement to the Sierra Leone Gazette Vol. CXIV, No. 41 dated 14th July, 1983 SIGNED this 14th day of July, 1983. SIAKA STEVENS President. (LS) [Stamp: SIERRA LEONE LAW SCHOOL LIBRARY] [Handwritten: Repealed by Act 3/91] [Coat of arms] Sierra Leone No. 1 1983 The Bank of Sierra Leone (Amendment) Act, 1983 [Margin: Short title.] Being an Act to empower the Bank of Sierra Leone to utilise the total outstanding advances made by it to Government for the purchase of securities of Government. [14th July, 1983] [Margin: Date of commencement.] BE IT ENACTED by the President and Members of Parliament in this present Parliament assembled, as follows:— [Margin: Bank of Sierra Leone empowered to purchase Government Securities with outstanding advances to Government.] Notwithstanding the proviso to paragraph (g) of subsection (1) of section 29 of the Bank of Sierra Leone (Amendment) Act, 1970 (Act No. 10 of 1970), (as replaced by section 5 of the Bank of Sierra Leone (Amendment) Act, 1978 (Act No. 11 of 1978)) the Bank of Sierra Leone may, under the said paragraph (g) utilise the whole of the total advances made by it to the Govern- No. 2 Treasury Bills (Amendment) 1983 "(2) The principal sums represented by any Treasury Bills outstanding at any one time under the provisions of this section shall not exceed the estimated revenue of the Government during the financial year then current." [Margin: Repeal of Act No. 19 of 1976.]

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