4 . .5"" Local Dev~t R~ Slodt 1!196198

L.N. 120 or 199 1

LOCAL WANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE, CAP. 161

Oindl~f by the Minlslfr of t1nante

for the issue of Lm I ,OOO,OOO

4 . .5"" Local Dev~t R~ Slodt 1!196198

(FOURTH ISSUE)

IN exercise of the powers confcned by Section 4(1)( a) of the l...ocal

Leans ( Regislcred SIOCIr. and Secu ritie$) Ordinance, Cap. 161. the

Minister of Finance has authorised that the sum of Lm t ,OOO,OOO 4.5%

Local Development Registered Stock 1996198 ( Founh Issue), be

created and issued as follows:-

I. The Stock shall be issued al the price of LmlO l per ce nl and

shall be aUolted by application. The Stock, when fully paid. shaU be

registered. Applications for the allotment of Stock shall open Monday ,

51h August, 1991 at 1l.00a.m. and shall close at 12.00 noon on Sa lurday ,

the 17th August , 1991 or earlier al the discretion of the Aoxountant

General.

The sum of money 10 be raised by the Stock shall be

LmI ,OOO,OOO.

Is-somma ta ' flus li glIandha tingabar bl-iS/oc« It un la '

lml,OOJ,<XXl,

3, L-imghax glIandu jilhallas b'lura kull silt xhur fis-I? la' A wissu Rola '" I..,.tw

u fis-I? la' Frar la' kull sena malul il-kon< la' l-iStock , L-ewwel bias la' " "",,1,01·1>/00.

Lm2,25,O tull LmlOO Stock relattivamenl glIall-perijodu bejn il-18 la'

A wissu , 1991 u s-17 la ' Frar, 1992, glIandu ;sir fi5-17 la' Frar, 1992,

L-imgl'lall fuqdan !-is/ock huwaetenlal mill-billS tat-Tana fuq

4,

I·/ncorru.

-.. ... ...,...

Approprjaujoni kull silt lhur la' mhux anqas mi nn Lm IO,OOJ Ro .... ·

.5_

-

.....

mid-dbul generali u mill-altiY lal-Gvern la' Malta gbandha ssir bhala

kontribuzzjoni glIall-fond ta' ammoniuamenl sablel jifdi I-iswck . L-

ewwel konlnbuzzjoni glIaodha ssir fi boien tliet snin mil-ISta' Awissu.

1991.

Inlcresl shall be payable in arrear half-yearly on the 17th dayof

August and the 17th day of February of every year during the currency

of the Stock. The first payment of Lm2.25,O per LmlOO Stock covering

the period from the 18th day o f August , 1991 to the 17th day of

February, 1992, shan be made on the 17th day of February, 1992.

Interest thereon will be exempted from Income Tax.

4.

A half-yearly appropriation of not less than LmIO,(OJ out of

the general reven ue and assets of the Govemmenl of Malta shall be

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

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

years from the 18th day of August , 1991 .

The Stock shall be redeemed at the rate of Lm100 for every

6,

LmlOO Stock on such date between the 1st day of January , 1996 and the

31st day of Dece mber, 1998 (both da tes inclusive) as shan be

determined by the Accountant Gene ral and notified in the Gazette.

Stock shan be redeemed only on the surrende r of the St(ll;k Ce rtificate

issued .

L-iSlock gllandu jigi mifdi bir-rata la' Lm lOO glial kull LmlOO

stock rdik id-data bejn I-I la' Jannar, 1996u 1-31 la'Oieembru.I998(it-

tewg dali maghdudin) kif jigi stabbilil mill -AccoUnllllll G t nulll u amt

fiI-Gazzetta . L-iStock jinfeda biss mal-konsenja lac-Certifikal ta' 1-

iSlock malleug.