Payments on Subscription. (a) Before accepting membership in the Bank, Zambia shall pay to the Bank on account of the subscription price of one-half of such shares:
Payments on Subscription. (a) Before accepting membership in the Bank, New Zealand shall pay to the Bank on account of the subscription price of one- half of such shares: 0) Gold or United States dollars equal to 2% thereof; and (ii) An amount in its own currency which, at the appro- priate prevailing exchange rate, shall be equal to 18% thereof. 74 International Finance Agreements FIFTH SCHEDULE-continued
Payments on Subscription. Before accepting membership in the Corporation, New Zealand shall pay $923,000 to the Corporation in full payment of the capital stock subscribed.
