127 tal-1991 (ln_1991_127) | MT

Malta Government Gazette — Legal Notice 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Preamble — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

L.N. 127 of 1991

LOCAL LOANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE, CA P. 161

CONVERSION OF STOCK

Dlrtdlvt by lbe Mlnlsltr 01 Flnanct for tilt con¥trSioo 01

tilt LmJ ,OOO,OOO 6 1Jl'l\ Local Developmml RrgislHed SIodI. 1991

IN eJL:erci~ of Ihe powc rs conferred by seaio n 4(1)(a) ohhe Local

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

Minister 01 Finance has declared the Lm3,OOO,OOO 6Vl% Loca~

Development Registered Stock 1991, due fo r repaymcnl on the 21st

September. 1991. to be converted into registered stock to be iss ued

under the provisions of the Ordi nance.

The Minisler has also authorised in terms of seetion 31 (b) aDd

32 of tbe same Ordinance that, for the conversion of Ihe Lm3,OOO,OOO

61h% Local Development Registered Stock 1991 a new 6Yl% Local

Developmenl Registered (Conversion) Slock 1996197 (fifth issue) be

created and issued as follows

I. (a) The Stock shall be issued aI the price of Lmloo percent Modool

and shall be allotted by application. The Stock, when fully paid shall iIo ... n'Stook.

be registered. ApplicatiOlu for the allotment of stock for the present

holders of the 61h% Local Developmenl Registered Stock 1991 shall

open at 9 a.m. on Thursday, 22nd August. 1991 and close at 12.00

noon on Friday. 30th Augusl , 1991.

(b) ApplicalKms from the general public for the remaining

balance of the 61h% Local Development Registered (Conversion)

Stock 1996197 (fiflh issue) will be received a t the Treasury between

9.00 a.m. on Mo nday, 9th September, 1991 and 12.00 noon on Friday,

20th September, 1991 or earlier if the stock is fully subscribed. at the

discrelion of the Accountant <k ne ral .

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 1 ..... '0· """ Soon .... — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

UnJ,OOJ,{)(]().

J, lA mJllu JlIandu jilhallas b'lura kuU siu mut fil-21 la' Manu

u 61·21 la ' Scttcmbru ta' nill&enl matul il·lton ta' l-iStock. wwwel

hlas la' Lm3.2.5,O Itull LmIOO Slock rdattivamcnt ghall-perijodu bcj n

il-21 la' Scttcmbru , 1991 u 1-2Q la' Manu , 1992, &fIandu jsir m·21 ta'

Ma nu , 1992.

Malta Government Gazette — Legal Notice 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 2 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

1lIe sum of money to be raised by the Stock shall be

I..m3,OOO,OOO.

Malta Government Gazette — Legal Notice 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 3 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

Int erest shall be payable in arrea r half· yearly on tbe 21 st day o f !We"'iIl ......

March and the 21st day of Septemberor every year during the currency Md d.It<"

of the Stock. The fi rst payment of Lm3.2S.0 pe r LmIOO Stock covering ofpar-n!.

the periDd from the 21st day of September, 1991 to the 20th day of

March. 1992. shall be made on the 2ist day of March, 1992.

Malta Government Gazette — Legal Notice 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 4 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

The first LmSO inte rest thereon will be exempted fmm Income

Tu.

S. A half-yearly appropriation of nol less than Lm30.000 out of

the general revenue and assets of the Governme nt of Malta shall be

made as a contribu tion to the sinking fund established for the purpose of

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

years from the 22nd day of September. 1991 .

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 5 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

Approprjazzjoni kull si n xhur ta' mhull anqas minn Lm30 ,OOO

mid-dhu] generali u mill·alliy la]~Gvem la' Malta gbaooha ssir bllala

,,'- kont ribuv:joni ghall-fond ta' ammonizzamenl sabie:! jifdi I-iS/QC,\:. 1.-

e~l kontribu:zzjoni gl'Iandha ssi r fi trn ien lIeu snin mit-22 ta'

Settemhru, 1991.

Malta Government Gazette — Legal Notice 1991 127 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991

Reg. 6 — 127 tal-1991 – Direttiva mill-Ministru tal-Finanzi, għall-Bdil ta' Lm3,000,000 61/2% Stock Lokali Reġistrat għall-Iżvilupp 1991 Open official source

lbe Stock $hall be redeemed at the rate o f Lm lOO for every

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

)I$t day of Dc<:ember. 1997 (both datC5 inclll$ive) as shall be

determined by the Ac:c:ounlant Gene ral and no tiflCd in the Gazette.

Stock shall be redeemed on ly on th e surre nder of the SICx:lr.: Ccnificate

i$Sued.

""fO/om ri"

K.ootiIjo I'W>IQIwdb,lIwo.,.._ ..

1I'P"bblibl .. kS-OIpartimeo".·~I~

~

PriIued .. rite a.w.-m- ~ ,..,...

Miltluall fl..1 ...... perij. 101.0 .. ",

127 tal-1991

Table of Provisions (7)

Statutory Text (7 Articles)

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