158 tal-1989

L. O\'. 158 or 1989

LOCAL W ANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE, CAP. 161

Directive by the Min ister or.'inllnce

for tilt iullf of Lm4,soo.OOO

61J. 'l> LGeaI Dtve!opnwnl Rtglslt~ Stock 1995

SECO/'ro'D ISSUE

IN cxcrci$eof the po .... crsconfcrred by Section 4(1)(11) of the Local

Loans (registered Stock. and Securities) Ordinance, C~p, 161, the

Minister of Finance has authorised that the sum of Lm4 ,SOO,0Cl0 Local

De~lopmenl Registered Stock 1995 (2nd l5$ut) be created and issued

as foIl0""5: -

I. The Stock shall be issued a t the price of Lm 100 per ce nt and

shall be aUotled by applica tion. 'The Stock, when full y paid, shall be

registe red. Applica tions fo r the allot ment of stock shall ope n on

Wednesday, 20t h December, 1989 al 9.00 a.m . and shall clO5e a t 12.00

fIOQn on the 261h December, 1989 or ea rlier at the discretion of the

Acooun tant Genera l.

L-islock ji nliareg bil·prczz ta' LmIOO fiJ-mija u jinghata fuq MQd,.I-h'"i

applikaZl'!joni. Mela jithall as ghal kollox I-u/Ock jigi regimal. .. ' I· """'~.

Applikanjonijiel ghall -gIlOl; ta' '·istock jift" u '-Erbgha. 20 ta'

Ditcmbru. 1989 u jaghlqu rnofsin har las-26 la' Ditem~ru , 1<.m9 jew

qabcl fid-dislrenjoni la' I-Acrounlanl GtntfQ/.

2_ Is-somma la' flus li ghandha lingabar bl-iS/ock Ikun la' S<M>_ ,.-n.".

~

Lm4,SOO,(Ol

, -,

J_ L-imgha~ gha ndu jithallus b'lura kull si n ~ hur fis-27 la- G unju 11 ... ,.' ,,,,,,,",

u fis-27 la' Diec mbru ta ' kull sena malul il _kors la' 1-lslOck . L-.ewwel hlas .... ,; ,.I , ~I .. ,

I~' LmJ.12,5 kull Lm lOO mx:k rclattiva me nl ghall-pc rijodu bejn il -2tl la'

Dicembru, 1989 u s-27 la' Gunj u, 199(}, gha nd u jsir fis-27 ta' Gunju,

1990. 4, Appropr,azzjoni kull sill ~ h UT ta' mhu~ ~ nq~ minn Lm45,(xx) lto .. ,.'

koo " ibuujon;

mid-dhul general i u mill-alliv IH1 ·Gvc rn la' Malta ghandha ssir bhala "",11.

konlribuzzjoni ghall·fond la' arnmorlin amcnl s.abic~ jifdi I-is/ock . L- . ""-'tU ....... ,.

cwwel k(.ntribunjoni ghnndha ssi, fi imi cn se na mil-28 la ' Ditembr u,

1989. 5, L-is/ad ghandu jigi miflii b' parila' rdil id·dala bejn 1· 1 la '

Jannar , 1995 u 1-31 13' Ditc mbru , 1995 (ii.-rewg dali maghdudin ) ki£jigi

swbbilil mill·A ccaunllllll Gman/ " a "ia! fi/·GazzO"lfa. L'u /ock jigi mircti

biss mal·lwnsenj;. lac-<:e Tt ifika l la ' l-istock m ~hrug.

The sum of money to be raised by the stock shall be

Lrn4,SOO,OOO.

J. Interest shall be payable in arrear half-yearly on the 27th dayof

J une and tne 27th day o f December of every yea r during the curreney o f

the stock. The fint payme nt of Lm3. 12,5 per LmlOOstock rovering lne

period from the 28th day of Dea:mber 1989 10 the 21th day of J une,

1990, sha ll be made on the 21lh day of June, 1990.

<t. A half-yearly appro priati on of notleu than Lm45.000 out o f

the general revenue and assets of lhe Governmenl of Malta shall be

made as a ronlribulion 10 lhe sin king fund e!ilablished for the pu rpose o f

redeem ing the stock . The first C(lntribution shall be made wilhin one

year from lhe 28th day o f December. 1989.

S. The Stock shall be redeemed at par on such dal e between the

1st dayof J anuary, 1995 and the 31st dayof Dece mbe r. 1995 (oot h dates

incl usive) as sha ll be determined by the Accountant General and

nmified in Ihe Gazelle. Stock shall be redeemed only on Ihe surrender

of Ihe slock ce rtificate issued.