6 % Local Dewlopment R~istered Stock 1 ~4 (2nd Issue)

L.N. 106 of I?AA

l.OCAL LOANS (Kt;G1STEkED STOCK AND SEC URITIES)

ORDlNANn:. 1959

Dirl'Cti H by th e M.i nister of t'inance for the issoe of Lm40,000,000

6 % Local Dewlopment R~istered Stock 1 ~4 (2nd Issue)

IN exercise of the powers conferred by section 4( 1)(a) of the Local

Loan s (Registered Stock and Securities) Ordi nance. 1959. th e Minister

of Finance h"s authnriscd th"t " sum of Lm40.000.ooo Local

Development Regi stered Stoc k 1994 (2nd Issue ) be created and i,su ed

as follows: -

The stoc k ,h;,lI be issued at the price of Lml00 per cen t and

J.

shall be allotted by application. The stock when fully paid shall be

rcgiste n:d Applic;,tions fo r th e ~lIotment of stock s h~1I ope n on

Tu esday. 20th Dece mber. 1988 at 9.00 a.m. and shall dose at 12 .00

noon on tile 27t h December. 1988 or earlier at the discretion of the

Ac<:oun ta nt Ge ner;tI

Th e su m of money to be raised by th e stock sh;tll be

Lm40 JXlO JXlO,

J. Interc,t shall be payable in arrear h~lf-yearly on the 27 th day

of J une an d the 27th day of De cembe r in eve ry yea r during th e currency

of the stock. The first payment of Lm3.0(),O per Lm lOO stock covering

the pe riod fro m the 28th day of December. 1988 to the 27th day of

Jun e. f989. shall be made on the 27th day of June. 1989.

L-imghax ghandu jilhal1as b'lura kull sin xhur (l s-27 ta' Cunju K.,. I. o'~h .. "

u fis-27 ta' Dicembru ta' kull sena matu! il-kors ta' I·islo<:k. L-cwwe[ d ... " I·bl ...

hlas ta' Lm3.00.0 kull LmlOO slock rclanivamen t ghall·pcrijodu bejn

it-28 ta' Dii:cmbru. 1988 u is-27 ta' Gunju. 1989. ghandu j>ir fis-27 ta'

Cunju, 1989.

A half-year ly appropriatio n of not less than Lm5oo.ooo out

..... ,,, of th e general reve nue and assets of the Govcrn ment of Ma lta shall

be made as a contribution to th e sinklOg fund established for the

purpose of red ee ming the stock. The first co ntribution shall be made

within two ye ars from the 28th day of December. 1988.

S. The stock sh all be redeemed at par on suc h date between th e

1st January. 1994 and the 31st December. 1994 ( both dates inclusivc).

as shal l be determined by the Accounwnt Genera l and notified in th e

Gaze tte . Stock shall be redee med o nly on the surrender of the stock

ce rtificate issued.

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L-islod gham!u jigi mifdi b'parita fdik id-data bejn 1·\ la'

Jannar. [994 u 1-3[ ta' Dicembru. 1994 (ii-iewg dati maghdudin). kif

jigi stabbilil mill-AccoUIIIW!I General u avia t fil-GaUClla. L-iswck jigi

mifdi biss ma \·ko 'lscllja tac-ccrtifikat ta'l -i510<:k malirug.