121 tal-1991
Statutory Text (5 Articles)
1 •. 1'1. 12 1 of 199 1
LOCAL LOANS (REGISTERED STOCK AND SECURmES)
ORDINANCE, CA P. 161
Dirtttiyt by the MinlUw or tlnance
for the Issut of LmSOO,OOO
J"" Btarer i>ebenlut e!l 1996
(FOURTH ISSUE)
IN ue rcise of the POWtl"$ conferred by Section 4(1)(b) of the Local
Loans ( Registe red Stock and Securities) Ordinance, Cap. 161, th e
Mini.$ter o f Finance bas authorised that the sum of LmSOO ,OOO 3%
Beare r Debentures 1996 (Fourth Issue) be created and issued as
follows:-
I . The Debentures shall be issued in mult iples of Lm500 at the
5th Augu~ t. 1991 at 9.00a.m. and sh all dose at 12.00noon. Saturday Ihe
17tll August, 1991 or earlier at tile discre tion of th e Accountanl
General.
l. The sum of money to be raised by the Deben tures sllal l be
LmSOO.OOO.
J. Inte rest shall be payable in arrear an nually on the 17th day of
August of every year during the currency of the Deben ture. The fin!
payment of Lm 3.00,O per LmlOO Debenture covering the period from
the 18th August 1991 to Ihe 17th day of August , 1992, sh all be made on
the 171h day of August. 1992.
1S-50mma la' nus li ghandha lingabar bl-Obbligazzjonijie t
fisem il-ponalur Ikun la- LmSOO,OOO.
L-imghax ghandu jilliallas b'[ura kull sena fiS·17 la' A~u la ' RM.o ... ......
kuU sena malul il-kors la'I-Obbligazzjoni. L-e_el hlas la' Lrn3.00,O .40'i ... ·w.,.
kull Lm IOO Obbligauioni relallivamenl ghall -perijodu bejn iH8 ta '
Awissu.I991 U 5· 171a' Awissu, I992, ghandujsir fis-17la' Awissu, 1992.
A half-yearly appropriation of not less Ihan Lm5.000out o f the
gene ral reve nue and assets of the Government of Malta shall be made as
a contribution to the sinking fund established for the purpose of
redeeming the Debentures. The fint contribution shall be made wit hin
three years from th e 18th day of August , 1991 .
The Debentures shall be redeemed at par on the 17th Augusl.
1996 as deteflll ined by the Accountan t General and notified in the
Gazette. Debenture rede mption mon eys shall only be payable on the
surrender o f th e Debenture issued.
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