J% Local [)evelopment Rtglsltted Stock 1995

l.N. 186 or Im

LOCAL LOANS (REGISTJ.; kJ.: O STOCK AND SECURI11ES)

ORDINANCE, CAP. 161

Dil"ftfiH' by the Min~fr of Flna~

for tbe iMUf or Lml ,200,OOO

J% Local [)evelopment Rtglsltted Stock 1995

FlFfIlISSUE

IN exercise orlne powersconfern:d by Section 4( I)(a) orlne Local

Loans ( Registered Stock and Securities) Ordinance. Cap. loL the

Min ister of Fi nance has authori sed that th e sum of Lm 1.200,000 Local

Development Registered Stock 1995 (Fifth Issue) becreated and issued

as follows:-

The Stock shaH be issued at the price of I.m100 per cent and

shall be allol1ed by application. The Stock. when full y paid . shall be

registered. Applications for the allotment of stock shall open on

Monday. 19th November. 1990 at 9.00 a.m. and shall d ose at 12.00

noon on the 1st December, 1990 or earlier at the discreliQn of the

Acoounlanl General.

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

Lm 1.200.000.

J. Interest shall be payable in arrear annually on the 1st day of

December of every year during the eurrency of the stock. The first

payment of LmJ .OO,O per Lm I 00 stock covering the pe riod from the 2nd

day of December 1990 to the 1st day of December. 1991, shall be made

on the 1st day of December , 1991.

A half-yearly appropriation of not less than Lm12 ,OOCl oul of

the general revenue and asseu of the Gove rnment of Malta shall be

made as a contribution to the sink ing fund established for the purpose of

redeeming the stock. The first contri bution shall be made within three

years from the 2nd day of December. 1990.

The Swck shall be redeemed at paron the 1st December. 1995

as detennined by the Accountant General and notified;n the Guelle.

Stock shall be redeemed only on the surrender o f the stock certificate

iss ued.

I~ta' .... {);pott, ....... , ta' 1-1"',,",,",** _ K ..... lj.I _ I'.Nit.ItH by IIw 0., .. , "'~'of I~

c.....n.

'"" 'buafI n-,"-","

-

hotWtl.1Iw Goo<o_ p-, ,.....

~