190 tal-1990
Statutory Text (5 Articles)
L. N. 190 Or 199(1
LOCAL 1.0ANS (REGISTERED STOCK AND SECURITI ES)
ORDINANCE, CAP. 161
Directive by tilt Minister of t'inanct
tOf' the Issue of LmlO,OOO,OOO
61/4':\> Lotal Developmmt R~ SIO(:l. 1995
NINTH ISSUE
IN eJ:e rcise o f l he powe n conferred by $cclion 4(1)(a) of the Lota l
Loans ( Registe red Stock and Securities) Ordi nance, Cap. 16 1, the
Minister of finance has au tho rised that the sum of LmiO,OOO,OOO Lota l
Development Registered Stock 1995 (Nin th Issue) be crea ted Qnd
issued as fo llo"",:-
I . The Stock shall be iss ued at the price of Lm lOO per ce nt and
shall be allo tted by applica tion . The Stock , when fu ll ~ pa id, shall be
registered . Applica tio ns for the all otment of stock shall open on
Monda~, 19th November, 1990 at 9.00 a .m. and shall close at 12.00
noon on th e 1st Decembe r, 1990 or e arlier at the d iscretion of the
Accountant Ge ne ral.
The sum of money to be raised by the stock shall be
LmiO,OOO.OOO.
Int erest shall be pa yable in arrear half·yearly on the 1st day o f
J une a nd the 1st day of Dece mbe r o f every yea r during the currency o f
tbe stock . The fi n t payme nt of LmJ. 12,5 per Lm 100 stoc k cove ring the
period from the 2nd day of Decem be r 1990to tilt 1st dayof June, 1991,
shall be made o n the 1st day of June, 1991.
A hal f·yearly appropria tio n of not less than LmIOO.OOO out o f
the gene ral revenue and asse ts o f Ihe Governme nt of Malta shall be
made as a contrib utio n to the sink ing fund establi shed for the pu rpose of
redeeming the stock. The fi rst contri but ion shall be made within thrcc
years from the 2nd day of Dece mbe r, 1990.
The Stock shaH be redeemed at par on such date between the
1st day of January , 1995 and the 3 1st day of Dece mber. 1995 (both dales
inclusive) as shall be dete rmined by the Aa:ounlant Gene ral and
notified in the Gazette. Stock shall be redeemed onl y o n the surrender
of the stock certifica te issued .
lppdtllih. __ o.~.." , .. ·l-loIo .. nazJjooN _ "*>Ii1lo ""I>W/w.d b, IN n.p''''_~1 of lofo,,,.,.,;oo
C ... til,.
c... ...... '"'"'"
Mi"""" n·lI1ompcrijo taJ.() . . m _ PM ... ., lit.
Pri"';"# Pm.