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House of Representatives

Motions

5th Session of the 8th Republican Parliament

Ratification of Resolution - Central Bank of Trinidad and Tobago

WHEREAS it is provided by Section 34 of the Central Bank Act, that the authorized capital of the Central Bank is one hundred million dollars ($100 million) and that the authorized capital may with the approval of the Minister of Finance, be increased by resolution of the Board of Directors of the Central Bank ("the Board") and that such resolution shall be ratified by Parliament;

AND WHEREAS at its 601st Meeting held on February 23, 2007, the Board passed a resolution that the authorized capital of the Central Bank be increased from one hundred million dollars ($100 million) to eight hundred million dollars ($800 million);

BE IT RESOLVED that the resolution of the Central Bank of Trinidad and Tobago to increase its authorized capital from one hundred million dollars ($100 million) to eight hundred million dollars ($800 million) is hereby ratified.

(By the Minister in the Ministry of Finance)

First Debated: 13-Jul-2007
Approved on: 13-Jul-2007
21-Aug-2007
Speakers in the:
House of Representatives
13-Jul-2007 House Debate | Hansard PDF icon (583.5 kb)
Sen. the Hon. Conrad Enill [Minister in the Ministry of Finance]
Hon. Kamla Persad-Bissessar, MP [Siparia] [Leader of the Opposition]
Mr. Gerald Yetming, MP [St. Joseph] [Opposition Member (COP)]
Hon. Kenneth Valley, MP [Diego Martin Central] [Minister of Trade and Industry and Minister in the Ministry of Finance]
Mr. Chandresh Sharma, MP [Fyzabad] [Opposition Member]
Mr. Manohar Ramsaran, MP [Chaguanas] [Opposition Member (COP)]
Sen. the Hon. Conrad Enill [Minister in the Ministry of Finance]
Senate
21-Aug-2007 Senate Debate | Hansard PDF icon (468.4 kb)
Sen. the Hon. Conrad Enill [Minister in the Ministry of Finance]
Sen. Dr. Tim Gopeesingh [Opposition Senator]
Sen. Mary King [Independent Senator]
Sen. Raziah Ahmed [Opposition Senator]
Sen. the Hon. Conrad Enill [Minister in the Ministry of Finance]