6,75-" Local Dtvelopment Rqlster«l Sloc:k 2000

L.N. 191 of 1990

LOCAL WANS (REGISTERED STOCK AND SECURITI ES)

ORDINANCE, CA P, 161

Directive by the Mint~ter of Finance

rOt' the lsIiue or Lm 10,000,000

6,75-" Local Dtvelopment Rqlster«l Sloc:k 2000

IN exercise of the powers conferred by Section 4( I)(a) of the Local

Loans (Registered Stock and Securi ties) Ordinance. Cap. 161 , the

Minister of Fin ance hll$ a uthorised that the sum of Lm 10,000.000 6. 75%

Local Development Registered Stock 2000 be crea ted an d issued as

follows:-

I. The Stock shall be issued at the price o f LmlOO per ce rn and

sha ll be allotted by application. The Stock , whe n fully paid . shall be

registered. Applications fo r the allotme nt o f slock shall open on

Monday, 19th Noyember, 1990 at 9.00 a .m, and shall close at 12.00

noon on the 1st December, 1990 or ea rl ie r at the discretion o f the

Accountant Gene ral.

applikazzjoni. Meta jilhaUas ghal kollox I·i$tock jigi regislrat. to'l,wod.

Applikazzjon ijiel ghaU·g.hoti la' J.istock jiflhu t·Tnejn, 19 la'

Novembru. 1990 u jaghlqu fnofs in-nhar ta ' I-1 ta ' Ditembru, 1990 jew

qabel fid·diskrezzjoni ta' I·Accountant General.

1lte su m of money to be raised by the stock sha ll be

Lm lO.ooo.OOO.

J . Int erest shall be payable in arrear half-yea rly on the 1st day of

Ju ne and the 1st day of December of eve ry year during the currency of

the stock. The first payme nt of Lm3.75,S per Lm IOO stock covering the

period from the 2nd da y of December, 1990to the 1st dayof June , 1991,

shall be made on the 1st day of June, 199 1.

L-imghax ghandu jilhallas b'lura kull sitt xhur n·1 la' Gunju u

fI-1 la' Diccmbru la' kuH sena matul il· kors (a' ]-is/Qck , L-cwwcl filas la'

Lm3.37,5 kull LmlOO slock relauivament ghall-perijodu bejn ,1·2 la'

Dite mbru, 1990 u I-I la' (Junju. 1991, ghandu jsir fI- ] la' (Junju, 1991.

A half·yearly appropriation of not less th an LmlOO .OOO out of

the general revenue and assclS of the Governmen t o f Malt a shall be

made as a contribution to the sin king fund estab lished for the purpose of

redeeming the stock . Th e first contribution sha ll be made within thrcc

years from the 2nd day o f December, 1990.

The Stock shall be redeemed al par on such date between IlIe

1st d ayof J anuary. 2000and tile 31st day ofDeamber. 2000 (botll dates

inclusive) as shall be dete rmined by the Accountant General and

ootified in the Gazette. Stock shall be redee med o nly on th e surren der

o f Ihe stock certificate issued.

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