II.1.1 The Omnibus Financial Act of 7530 (V ACG 1), Article Six.

Section One. The Most Honourable, the Privy Council, shall establish a standing Committee on Finance, which shall be generally responsible for the development of His August Majestie's government's financial policies; and the said committee shall have specific authority to determine the required operating reserves of the Commercial Division of the Bank, and to control the discounting procedures provided in Article Two, Section Five, above, and to issue and buy and sell Government Bonds.

Section Two. Government Bonds shall be issued in various face values, beginning with fifty (50) centigrammes; the bonds shall be sold at a discount from their face value such that the difference between the face value such that the difference between the face value and the price paid at issue is equivalent to interest of three per centum (3%) per annuum compounded quarterly for two years on the price paid at issue; the bonds shall reach maturity two years after the date of issue, and at that time they may be presented to the Financial Committee for redemption at face value; after the bonds have reached maturity, they shall earn simple interest at a rate of three and one-quarter (3.25) per centum per annuum, and they may be presented to the Financial Committee at any time for redemption; and if the committee should issue bonds having a face value of one and one-quarter (1.25) kilogrammes or more, the discount on the said bonds shall be equivalent to interest of five per centum (5%) per annuum, the bonds shall reach maturity in three years, and the interest of the bonds shall be simple interest at an annual rate of five and one-quarter (5.25) per centum.

Section Three. The receipts from the sale and issue of Government Bonds shall be maintained in the Royal Treasury, and funds for the redemption and purchase of bonds shall be taken from the same place. The Lord President shall provide for a portion of the government's receipts from taxation to be set aside in the government's accounts at the Bank in order to provide for the payment of interest of bonds when they are presented for redemption. The Privy Council shall establish a maximum face value of bonds to be issued in any given year.