1'-'> Local Devdopll1tnl Rfllsterftl Stotk 2OOOIlOO1

L. N. 118 of 1991

LOCAL WANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE, CA P. 161

Directin by tbe Minister of Fln.Me

(or the Issue or Lml ,500,OOO

1'-'> Local Devdopll1tnl Rfllsterftl Stotk 2OOOIlOO1

(FOU RTH ISSUE)

IN exercise of the powersronfcrred by Section 4(1)(a)ofthe Local

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

Minister of Finance has authorised that the sum of LmI ,SOO,OOO 7%

Local Development Registered SlOck 2tm'2OO1 (Fourth Issue) be

treated and issued as follows:-

I. The Stock shall be issued at the price o f Lml02 per ce nt and

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

registered. Applications for the allotment of Su)Ck shall open on

Monday, 5th August , 1991 at 9.00 a.m . and shall close at 12.00 noon on

Sa turd ay, the l7lh August . 1991 or earlie r at lhe discre lion of the

Accountant General.

The sum of money to be raised by the Stoc k shall be

Lml ,SOO,OOO.

1. Interestshall be payable in arrear half·yearlyon the 11th dayof

August and the 11th day of February of every year during the currency

of the Stock. The first payment of Lm3.50,O per Lm100 Stock covering

the period from the 18thdayof August 1991 to the 11thdayof February,

1992, shall be made on the 11th dayof February, 1992.

1bc first Lm50 in te rest thereon will be exempted from Income

4. Tu.

L-ewwel LmSO imgtJax fuq dan l-istock huma etentali mill-fllas

lat·Taxxa fuq 1-lncOIne.

5, A!JProprjaujoni kull sill xhur ta' mhux anqas minn UnI S.OOO ~

mid-dflul generali u mi ll -alliv lal·Gvem la' Malta ghandha ssir bhala konlliboz2joai

konlribuzzjoni ghall·fond la' ammortizzamenl sabiu jifdi l-iSlock. L- .... mortiuaIr>enl.

ewwel konlribll72jon i ghand ha ssir fi tmie n lieu snin mil -18Ia' Awissu.

1991.

A half·yearly appropriation o f not leSllthan Lm 15,000 ou l of

the general revenue and assets of the Government of Malta shall be

made as a contribution to the sinking fund established for the purpose of

redeeming the Stock. The first contribution shall be made within three

years from the 18th day of August, 199 1.

The Stock shall be redeemed at the rate of LmlOO for every

LmIOO Stock on such date between the ist day of J anuary, 2000 and the

31st day of December, 2001 (both dates inclusive) as shall be

determined by the Accountant General and notified in the Guette .

Stock shall be redeemed only on the surrender of the Stock Ce rtifica te

issued.

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