purchased or acquired under section 33(1)(b)(ii) or 42(2) shall not exceed twenty-five percent of the Government's average annual ordinary revenue for the three financial years immediately preceding: Provided that if the accounts for the latest completed financial year are not yet available, the official estimates of that year's ordinary revenue may be used in the computation of the average. (3) For the purposes of subsection (2), "revenue" shall not include loans, grants, or other forms of economic aid obtained or received by the Government. (4) The Minister may, in exceptional circumstances, authorise the Bank to allow the total referred to in subsection (2) to be increased to an amount not exceeding thirty-five percent of the average annual ordinary revenue contemplated in that subsection. (5) Whenever the Bank is of the opinion that the lending limitation provided in subsection (2) is about to be exceeded, it shall submit to the Minister a report on the Bank's outstanding loans and credit facilities and holding of securities, and the causes that may lead to such excess, together with recommendations the Bank deems appropriate to forestall or otherwise remedy the situation. (6) Where the limitation provided in subsection (2) is exceeded in accordance with subsection (4), the Bank shall continue to make such reports and recommendations to the Minister, as it may deem appropriate in order to remedy the situation and avoid its recurrence in the following financial year. [NAMa15y1997s46]46 Agent for administration of exchange control (1) The Bank shall act as agent for the Government in the administration of any law relating to exchange control, in accordance with such instructions or directives as the Minister may from time to time issue for this purpose. (2) Any return, statement, account, or information required to be submitted to the Minister by authorised dealers in terms of the provisions of a law or pursuant to any instruction or directive contemplated in subsection (1) shall be submitted to the Bank for consolidation and transmittal to the Minister. (3) The Bank shall at all times maintain a record of balance of payments containing such information, statistics and particulars and for such periods as the Board may from time to time determine, for the purpose of carrying out the objects of the Bank and discharging its duties and functions under this Act. (4) and (5) ...... [Subsecs (4) and (5) deleted by sec 10 of Act 11 of 2004.] [NAMa15y1997s47]47 Fiscal agent for international financial organisations The Bank may serve as depository of, and fiscal agent through which transactions may be conducted with any international financial organisation of which Namibia is a member. [NAMa15y1997s48]48 Other agency functions The Bank may act as agent for the Government for such purposes and on such terms and conditions as may be agreed upon between the Minister and the Board. [NAMa15y1997s49]49 Policy directives by Cabinet (1) Where, after consultation with the Bank, the Minister is of the opinion that the policies being pursued by the Bank are not adequate for, or conducive to, the achievement of the objects of the Bank, the Minister shall submit a recommendation to the Cabinet, and the Cabinet may, after consultation with the Board, determine the policy to be adopted by the Bank, and issue a directive setting out the essential policy reasons therefor and specifying the period during which such policy shall be implemented by the Bank. (2) Subject to the provisions of subsection (3), the Bank shall, during the period specified, give effect to the policy determined by the Cabinet.