The Object of this Bill is to enable the Central Bank of Malta to open branches abroad to acquire foreign immovable property, to regulate its holdings of gold bullion, and to grant certain short-term unsecured credit facilities to its employees as is done by other banks. The Bill also provides for the winding up of the Posterity Fund, the management of the external reserves of the Bank, the redemption of coins, and for other matters; ancillary or connected therewith.