4.2% Local Development Rrgisltred Stock 1995

L.N . 187 of I'MI

LOCAL LOANS (REGISTERED STOCK AND SEC URITIES)

O RDINANC E, C AP. 161

Dlrecthe by the Minister ot Financt

ror the issue of LmS,OOO,OOO

L-is/QCk jinhareg bil-preu ta' LmlOO fil -mija u jingl'tala fuq 101001 ... -..

applikanjoni . Meta jitba llas ghal kOllox J·istock jigi rc!iStrat. .. ·1 ......... .

Applikazzjonijicl ghall-ghoti ta ' I-is/ock jiflhu I-T nejn, 19 ta '

Novcmbru. 1990 u jaghlqu fnofs ;n-nhar ta' I· ! la' Di&:robru, 1990 Jew

qabel fid-diskrezzjoni la' I-Accountllnt Gt ntrol.

Is-som ma la' f1us 1i ghandha lingabar bl-iSlock Ikun la' _ _ .. · n ..

2. Lm5 ,OO),OO).

Lr imghax ghanduj ilhallas b·!ura kull sill xhur f1-lla' Gunju u

f1-lla' Di~embru ta' kun S(:n8 matul i) ,kors ta'l- is/QCk , l.rewwell'llas ta'

Lm2.iO,O kull LmlOO slock relattiyame nl ghal1 -perijodu bejn il-2 ta'

Dieembru, 1990 u 1·1 la ' Gunlu, 1991, ghan<tujsir f1 · 1 la· Gunju, 1991 .

2% Local Development Rrgisltred Stock 1995

SIXTH ISS UE

IN exercise ohhe powers conferred by Section 4(1)(3) oh/le local

Loans (Registe red Stock and Sccurilies) Ordi nance. Cap. 161. the

Minister of Finance has authorised that the sum of LmS,OOO,OOO 4.2%

Local Developmen t Registered Stock 1995 (SiJClh Issue) be crea ted and

issued as follows:-

I. The Stock shall be issued alt he price of LmlOO per cenl and

shall be allotted by application. The Stock. when fully paid, shall be

registe red. Appl ications for the allotment of swck shall open Monday.

19th Nove mber, 1990 al 9.00 I.m. and sha ll close 81 12.00 noon on the

1st Dece mber. 1990 or earlier 31 the di scre tion o f the Accountant

G eneral .

The sum of money to be raise d by the stock sha ll be

2. Lm5,OOO,OOO.

3 . IntereS! shall be payable in arrear half-ye arly on the 1st day of

Ju ne and t he 1st day of December of every year during the currency of

the stock. The firM payment of Lm2. IO.O per Lm lOO stoc k cove ri ng the

pe riod from t he 2nd day of Dece mbe r 1990 to the 1st da y o f June , 1991.

shall be made on the 1st day of Ju ne. 1991 .

InTe rest t hereon will be exempted from Income Tax .

4.

A hal f-yea rly appropriation of not less than Lm50.000 ou t o f

the general revenue and assetS of the Gove rnme nt of Malta shall be

made as a contribut ion to the sin king fund established fo r the purpose of

redeeming the stock. The first co nt ribution shall be: made within th ree

years from the 2nd day of Dece mber, 1990.

The Stock shall be redeemed at par on such date between t he

1st day of J anuary. 1995 and the 31st dayofDc:cembe:r. 1995 (bmh dat es

inclusive) as shall be dete rmined by the Accountant G e ne ral and

notified in the Gazette . Stock shall be redeemed only on the surn :ndc: r

of the stoc k cen ificate issued.

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l'.bilsMd by Ill, o.p,,,,,',,n' af 1./.""""."" - c •• ril/,

M"""", n.t....",p<hp .... .() ..... ~ 1'",,1«1 " ' . (;0......- ~ I'tn..