123 tal-1989
Statutory Text (5 Articles)
LoN. IBor 19lI9
LOCAL I.OANS (REGISTERED STOCK AND SECU RITIES)
ORDINANCE, 1959
CONVERS ION Ot· STOCK
Di rKli~e by lbe Minl!ilrr or F1na~ ror lbe conversion .,rlbe
Lm6.200.000 6'1 . ... lIxal Dtvtlopmetal reaill1tn<l SIu..:k 1989;
t ml .JOO.OOO ' Ih~ I..oul Den' ioplMnl Registered Stu..:k 1989
(2nd Issut)
IN uercisc of tile powe rs conferred by Section 31(a) of the Local
Loans (registered Sloc k and Securities) Ordinance . 1959. the Minister
of Finance has decla red the Lm6.200.000 6'/.% Local Development
Registered Stock 1989 due (or repayment on Ihe 15th Decembe r. 1989;
an d the Lm1.300 ,OOO 6',1.% Local Devdopmenl Registered Stoek 1989
(2nd Issue) due for reiX'yment o n the 15th December. 1989; to be oon-
venible into registered stock tobe issued under the provisionsoflhe Or-
dinance .
The Minister has al so authorised in termsof Seelion 3J(b) and32 of
Ihe same Ordinance that. for Ihe conve rsion of the Lm6 ,200.CXXJ 6lf4%
Local Development Registered Stock 1989: and Lml,3QO,OOO 6'/2%
Local Develop ment Registered Stock 1989 (2n" Issue): a new6% Local
Development Registe red (Conversion) Stock 1995, be created and is-
sued as follows
I. (a) The Stoc): shall be issued at the price of LmIOOperce nt
and sha ll be allotted by app1icalioo. The Stock. when fully paid ,
shall be registered . Applications for Ihe a llotment o ( stoek from the
present holders of Ihe 6 1/. % Local Development RegiSlered Sloek
1989: and 6'h% Local Development Registered Stock 1989 (2nd
Issue): shall open at 9.00 a.m. on Monday, 6th November. 1989
and c105C at 12.00 noon on Friday, 17lh November. 1989.
(b) Applications from the general publie for the rema in ing
balance of the 6% Local Development Registered (Conversion)
Stoelr;. 1995 will be received at the Treasury between 9.00 a .m. on
Monday , 27th Nove mber, 1989, and 12.00 noon on Friday, ist De-
ce mber. 1989, or earlier if the stock is fully subscribed. at the dis-
cretion of Ihe Acoou ntanut General.
fuq applikazzjoni. Mc ta jit hullos ghal kollox I-islock jigi rciistrm . " ·I· .. """l .
Applikazzjonijiel ghall-ghoti la' I-ulack ghat dawk I; diga ' gha n-
dhom 61f .. % Slack Lekali Regist ral gha ll-Itvilupp 1989; 11 6'12%
Slock Lobli Registra r ghall -Izvitupp 1989 (it-tieni harga ); jifthu
fid-9 ta' ril-ghod u , il-Tnejn, 6 la ' Novembru , 1989, u jaghlqu
rnofsinhar. ij-Gimgha . 17 ta' Novembru . 1989.
(b) Appl ikazzjonijic t mi ngha nd il -pubbliku ge ne rali ghall -
bilanc li jibqa' mhux miuiehed mill-iSlack Lokali Registnll (Bdil)
ghall-livilupp 1995 bis-6% jint] aqghll t-Teior. bejn id-9 la' m-
ghodu tat-T nej n . 27 ta ' Novembru . 1989 u nofsinha r lal-Cimgha . ]
ta' Di l:embna , 1989, Jew qabel jekk ]-iSlOek jillicl'l ed kollu , fid-d is-
kreujoni la'I -A ccolm ltm l Ctllt rtll.
l, Is-somma la ' flus 1i ghandha lingabar bHSlock Iklln la '
lm7 .SOO.000.
J. L·imgh3llO ghandll jithallas b'lu ra kull sill xhur m-15 la' Cllnjllll R.to to' iM&h>'
m · l s ta' Dieembru la' kull $Cna malu] it·kors la']-u lock, L-ewwel hla5 ~ do,i .0/. IIIa<
ta' Lm3 kull LmlOO slock reialivamcn t ghall-perijodu bejn il -15 la'
Di l:cmbru, 1989 u 1·\4 la' Cunju. 1990. ghandu jsir m - Is la' Cunju .
1990. 4" Billi I-ammonl fit· Fond la" Ammort izzamcnt u ]-imgha" fuq 1-
istess ammonl malul il-kol'$ la' I-istock Kjri n ikunu mticijcd mex jip-
provdu ghaH-fidwa ta ' l-islock n-I995" m"hi se $$i r ebda kont ribuujoni
ohTa ghaH-Fond la' Ammortinamcnl.
The su m o f money to be raised by lhe stoclr;. shall be :;. ..
Lm7.5IXl,CXXJ.
J.
Inleresl shall be iX'yablc in arrear half-yea rl y on the 15th dayof R.oc 01 inoc,,,,
lune and the 15th day of December of every year during the currency of .ndd ....
Ihe stock. The fi rst payment of Lm3 per lm 100 Stoclr;. covering the of po)men ...
period from Ihe 15th Dece mber 1989. 10 the 14th June. 1990, shall be
made 00 the ISlh Jun e. 1990.
As the amou nt in the Sinking Fund on the 15th December.
1989. and tne inte l"C$t accrui ng the reon during the currency of the Stock
will be sufficien t to provide for the redempt ion of the Stock in 1995, no
additiona l cont rihution to the Sinking Fund will be made.
The Stock shall be redeemed at par on ~ueh date between the
1st day of JanUHI)'. 1995 and the 31s\ day of De<:ember. 1995 (both dates
inclusive)as shall be determined by the Account ant Ge ne ral and
notified in the Gazell e. Stock shall be redeemed o nly on the surrender
of the stock certificate issued .
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