International Finance Corporation Order, 1955
| Jurisdiction | UK Non-devolved |
| Citation | SI 1955/1954 |
| Year | 1955 |
1955 No. 1954
The International Finance Corporation Order, 195522ndDecember 1955
On a date to be notified in the London Gazette*
At the Court at Buckingham Palace, the 22nd day of December, 1955
Present,
The Queen's Most Excellent Majesty in Council
Her Majesty, in exercise of the powers conferred on Her by section three of the International Finance Corporation Act, 1955(a), and of all other powers enabling Her in that behalf is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:—
1.—(1) This Order may be cited as the International Finance Corporation Order, 1955.
(2) This Order shall come into operation on the date on which Her Majesty's Government in the United Kingdom becomes a member of the Corporation, which date shall be notified in the London Gazette.
2.—(1) In this Order, "the Agreement" means the Agreement for the establishment and operation of an international body to be called the International Finance Corporation signed on behalf of Her Majesty's Government in the United Kingdom on the twenty-fifth day of October, 1955, in pursuance of the Articles referred to in section one of the said Act; and "the Corporation" means the body established under the Agreement.
(2) The Interpretation Act, 1889(b), shall apply to the interpretation of this Order as it applies to the interpretation of an Act of Parliament.
3. The provisions of the Agreement set out in the Schedule to this Order shall have the force of law:
Provided that nothing in Section 9 of Article VI of the Agreement shall be construed as—
(a) entitling the Corporation to import goods free of customs duty without any restriction on their subsequent sale in the country to which they were imported; or
(b) conferring on the Corporation any exemption from duties or taxes which form part of the price of goods sold; or
(c) conferring on the Corporation any exemption from duties or taxes which are in fact no more than charges for services rendered.
4. This Order shall extend to all parts of Her Majesty's dominions (other than Canada, Australia, New Zealand, the Union of South Africa, Pakistan and Ceylon, and any territory administered by the Government of any of those countries) and, to the extent that Her Majesty has jurisdiction therein, to all other territories for whose foreign relations Her Majesty's Government in the United Kingdom is responsible:
* 20.7.56.
(a) 4 & 5 Eliz. 2. c. 5.
(b) 52 & 53 Vict. c. 63.
Provided...
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