পাতা:বাংলাদেশের স্বাধীনতা যুদ্ধ দলিলপত্র (দ্বিতীয় খণ্ড).pdf/৮২৯

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802 বাংলাদেশের স্বাধীনতা যুদ্ধ দলিলপত্রঃ দ্বিতীয় খন্ড (3) The Federal Government securities issued for any borrowing under this Article shall not be eligible as reserves of the commercial banking system. (4) All liabilities incurred by the Federal Government in respect of foreign loans during the relevant period shall be dealt with in the following manner: (a) (b) Foreign loans incurred for central expenditure which are not allocable between the eastern region and the western region shall be charged to the Federal Consolidated Fund. The liability to service foreign loans which have been utilized in the eastern region during the relevant period shall be borne by the State of Bangladesh: Provided that such liability shall be reduced by an amount equivalent to the amount transferred during the relevant period to the eastern region out of the total foreign exchange earned by the State of Bangladesh. Explanation: The amount of foreign exchange deemed to be transferred during the relevant period from the State of Bangla Desh to the western region shall be the amount by which the foreign exchange earned by the State of Bangla Desh but utilized during the relevant period in the western region exceeds the deficit of the State of Bangla Desh in the inter regional trade during the relevant period. (c) The liability to service foreign loan which remains after the assumption by the State of Bangladesh of such part of the total liability as is referred to in sub-clause (b) of this Clause shall be borne by the States of the western region, namely, the States of Punjab, Sind, Paktunistan and Baluchistan, and further apportionment, if, so desired by the States of western region, between the States of the Punjab, Sind, Pakhtunistan and Baluchistan shall be affected (in such manner and on such basis as shall be provided after consultation with the representatives of the Punjab, Sind, Pakhtunistan and Baluchistan). Loans to and borrowing by state. 106.(1) The executive authority of a State Government shall extend to borrowing, including borrowing upon the security of the State Consolidated Fund within such limits, if any, as may be determined by an Act of the State Assembly, and to giving a guarantee within such limits, if any, as may be so determined. (2) All domestic debt obligations outstanding on the commencement date from the State government to the Federal Government shall be written off. Federal Reserve System. 107.(1) The State Bank of Pakistan shall be replaced by a Federal Reserve System, so that a Reserve Bank is established for the State of Bangladesh and one or 11?ᎺᎥᏉᏋ