TNAG-2820-FCO40-4069-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1993 — Page 6

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Government contribution to expenses under the Convention.

Application

to British possessions,

etc.

Application

to Scotland.

CH. 41 Arbitration (International Investment Disputes)

Act 1966

(2) Nothing in Article 24(1) of the Convention as given the force of law by this section shall be construed as—

(a) entitling the said Centre 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 that Centre any exemption from dutie

or taxes which form part of the price of goods sold, (c) conferring on that Centre any exemption from duties of

taxes which are no more than charges for service rendered.

(3) For the purposes of Article 20 and Article 21(a) of the Convention as given the force of law by this section, a statement to the effect that the said Centre has waived an immunity in the circumstances specified in the statement, being a statement certified by the Secretary-General of the said Centre (or by the person acting as Secretary-General), shall be conclusive evidence,

Supplemental

5. The Treasury may discharge any obligations of Her? Majesty's Government in the United Kingdom arising under Article 17 of the Convention (which obliges the Contracting States to meet any deficit of the International Centre for Settle- ment of Investment Disputes established under the Convention), and any sums required for that purpose shall be met out of money provided by Parliament.

6.-(1) Her Majesty may by Order in Council direct that the provisions of this Act shall extend, with such exceptions, adapta- tions and modifications as may be specified in the Order, to-

(a) the Isle of Man.

(b) any of the Channel Islands,

(c) any colony, or any country or place outside Her Majesty's dominions in which for the time being Her Majesty has jurisdiction, or any territory consisting partly of one or more colonies and partly of one or more such countries or places.

(2) An Order in Council under this section-

(a) may contain such transitional and other supplemental provisions as appear to Her Majesty to be expedient: (b) may be varied or revoked by a subsequent Order in

Council under this section.

7. In the application of this Act to Scotland-

(a) for any reference to the High Court there shall be

substituted a reference to the Court of Session;

(b) the Court of Session shall have power by Act of Sederunt to make rules for the purposes specified in section 1(6) and section 2(2) of this Act;