present paragraph, and which has not been re-purchased by the member for gold or for the currency of any member which is acceptable to the Bank.
(b) Whenever the ar value of a member's currency is increased, the Bank shall return to such member within a reasonable time an amount of that member's currency equal to the increase in the value of the amount of such currency described in (a) above.
(c) The provision of the preceding paragraphs may be waived by the Bank when a uniform proportionate change in the par values of the currencies of all its members is made by the International Monetary Fund.
Section 10. Restriction on disposal of shares
Shares shall not be pledged or encumbered in any manner whatever and they shall be transferable only to the Bank.
Article III
General Provisions relating to Loand and Guarantees
Section 1. Use of resources
(a) The resources and the facilities of the Bank shall be used exclusively for the benefit of members with equitable consideration to projects for development and project for reconstruction alike.
(b) For the purpose of facilitating the restoration and reconstruction of the economy of members whose metropolitan territories have suffered great devastation from enemy occupation or hostilities, the Bank, in determining the conditions and terms of loans made to such members, shall pay special regard to lightening the financial burden and expediting the completion of such restoration and reconstruction.
Section 2. Dealings between members and the Bank
Each member shall deal with the Bank only through its Treasury, central bank, stabilization fund or other similar fiscal agency, and the Bank shall deal with members only by or through the same agencies.
Section 3. Limitations on guarantees and borrowings of the Bank
The total amount outstanding of guarantees, participations in loans and direct loans made by the Bank shall not be increased at any time, if by such
