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(2) acquire the notes, bills, securities or other evidence of debt of any participating Government, its boards and agencies, social security funds and other statutory bodies and local government bodies; or (3) acquire the notes, bills securities or other evidences of debt guaranteed by any Participating Government, its boards and agencies, social security funds and other statutory bodies and local government bodies. Provided that this Article shall not operate to prevent the acquisition by the Bank of securities transferred to it by a Participating Government to evidence a liability in accordance with Article 24 paragraph (5) or Article 29 paragraph (4). make temporary advances to each Participating Government to meet its seasonal needs in an amount not to exceed during a given financial year of that Participating Government five per cent of its average annual recurrent revenue of that Government as determined by the Bank, over the three preceding financial years; (b) purchase, sell, discount and rediscount treasury bills, issued by any of the Participating Governments, payable in Eastern Caribbean Dollars, forming part of a public issue, and maturing within ninety-one days of the date of their acquisition by the Bank; but the holding of treasury bills of any one Government at any one time, shall not exceed ten percent of the average actual recurrent revenue of that Government as determined by the Bank over the three preceding financial years; (c) purchase and sell publicly issued securities (other than treasury bills) of or guaranteed by any of the Participating Governments payable in Eastern Caribbean Dollars and maturing in not more than fifteen years from the date of their acquisition by the Bank, but the holding of such securities at any one time other than securities held under sub-paragraphs (sic) (d) and (e), shall not exceed fifteen per cent of currency issued or deemed by the Bank to have been issued by it and in circulation and other demand liabilities: Provided that the percentages mentioned in sub-paragraphs (a), (b) and (c) shall be reviewed by the Council annually and approved or varied either generally or specifically in respect of any Participating Government - (a) invest in securities of the Participating Governments to any amount and to mature at any time on behalf of staff and superannuation funds and other similar funds of the Bank; (Am 2015) (1) The Bank may, subject to such terms and conditions as the Board may prescribe - (a)

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