122 tal-1991

L.N. 122 of 1991

LOCAL LOANS (REGISTERED STOCK AND SECURITIES)

ORI>INANCE, CA P, 161

DirKthe by the Mlnlster of Hnance

for the awe olLmSOO,OOO

J'l> Loc.I Development Rq:lstered Stock 2001

(SECOND ISSUE)

IN uercise of the powers conferred by Section 4( I )(a) of the 1.ocaI

Loans (Registe r&! Stock. and Securities) Ordinance, Cap. 161, the

Minister of Finance has authorised that the sum of LmSOO.OOO 3%

Local Development Regbtered Stock 2001 (Second Issue) be creat&!

and issu&! as folloW$ :-

I. The Stock shall be issu&! at the price of LmlOO per cent and

shall be alloued by appli cation. The StOl: k, whe n fully paid, shall be

registered. Al?plications for the allotment of StOl:k shall ope n on

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

Satu rday, the 17th August. L991 or earlie r at the discretion of tbe

Aa:ountant General.

2, The sum o f money to be raised by the Stock shall be

LmSOO ,OOO.

J. Interest shall be payable in arrear half-yearly on tbe 17th day of

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

of the Stock . The first payment of Lml .SO,O per Lmloo Stock covering

the period from the 18th day of August, 1991 to tbe 11th day of

February, 1992, shall be mad!: on the 17th day o f February, 1992.

Is-somma la' nus li gflandha tingabar bl·iS/ock Ikun la'

LmSOO,lXXl.

J . L-imgbax gllandujilballas b'lura tull silt xhur flll·l7 la ' Awissu

u fis- 17 ta ' Frar la' kull sena matul il· tors ta' H Slock . L-ewwel bIas ta'

Lm l.50,O tull LmlOO Slock relattivament gb all·pcrijodu bejn it· 18 ta'

Awissu. 1991 u s· 17 ta' Frar, 1991, ghandujsirfis-17 ta' Frar, 1992.

The StOl:k will be exempted from payment of Death and

Donation Duty, whil e interest thereon will be u e mpled from Income

T~ .

A half-yearly appropriatio n of not less tha n Lm5,OOO out of the

general revenue and assets o f the Governme nt of Malta shall be made as

a contribution to the sinking fund established for the purpose of

redeeming the StOl:k. . The first contribution shall be made within three

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

6, The Stock shall be redeemed at the rate of Lm 100 for every

Lm100 StOl:k on such date between the 1st day of January. 2001 and the

3ht day o f December. 2001 (bot h dates inclusive) as shall be

determined by the Aa:ountant General and notified in the Gazelle.

Stock shall be redeemed only on the surrender ofthe Stock Cen ificate

issu&! .

Ippul>l>bt ., mld-o;poru...M .. • ~1~~ _ Katltja FwblUAtdb, /Iot v.1""A,,, .. o{ l~ _ 1(",1iq.

Mi""""

n·' M' ; l ip taI-Gwt-. _ I'rito"_IIwa-.- ~'-'

L-iSrock ghandu jigi mifdi bir·rata ta' LmlOOghal kull LrnlOO F"""'o I.'

Stock r dik id-data bejn 1·1 ta ' J annar , 2001 u 1·3 1 ta' Dite mbru , 2001 (it· ~ .

k wg dati maghdudin) kif jigi stabbilit mill·A ccountllnt Generlll u aviat

fiI·Ga:aetta. L-iStock jinfeda biss ma1· tonse nj a tac·Certifikat ta' 1·

is/od mabrug.