Bank to buy or sell Treasury Bills, etc

(1) The Bank may at its discretion purchase or sell– (a) Treasury Bills or Treasury Notes issued or guaranteed by the Government; (b) securities issued or guaranteed by the Government of a period to maturity not exceeding ten years. 27 (2) The Bank shall not at any time hold whether as a result of purchase or as collateral for any of its loans and advances any Treasury Bills or Treasury Notes or securities in accordance with sub-section (1) in an aggregate amount exceeding thirty times the aggregate amount at that time of the paid-up capital and General Reserve Fund of the Bank. 34, 35 and 41.