3' Lot .. Dtnlopmml Registf:ffiI Stock 2001

L.N. 132 01' 1991

LOCAL LOANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE, CAP. 161

Dlr«l1.t by the Mmlsttr of fln ......

(or the Is!iue otLml,OOO,OOO

3' Lot .. Dtnlopmml Registf:ffiI Stock 2001

(THIRD ISSUE)

IN exercise of the powersconfc"ed by Section 4(1)(a) oftbe Local

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

Minister of Finance has authorised that the sum o f Lml ,OOO,(O) 3%

Local Deve lopment Registered Stock 2001 (Third Issue) be created and

issued as follows; -

I. The Stock shall be issued at the price of LrnlOO per cent and

shall be allotted by applicl.tion. The Stock, when fully paid, shall be

registered. Apptieations for the allotment of Stock shall open on

Monday , 9th September, 1991 819.00 a.m. and shall close al 12JlODoon

on Friday. the 20th September, 1991 or earlier al tbe discretion of the

Accountant General.

.. 'I-lSood.

applikazzjoni. Me' t jitl'1al.las glial kollox l-iSrock jiti rctiStral.

Applikazzjonijiet gIl all-gboti la' l-iS/QCk jifthu t-Tnejn , 9 ta' Sellcmbru,

1991 fid-9.00 a.m. u jagfllqu roofs in-nhar t, ' nhar il -Gimg.ha, 1-20 ta'

Scltcmbru.I991 jew qabel fid-diskrezzjoni ta' l-Accoun{'lnl General.

Is-somma la' nus Ii ghandha tingabar bl-iStock tkun ta' Som ..... ·/IuI

1. Lml ,OJO,roJ.

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

Lml ,OOO,OOO.

Interestlhall be payable in arrear half-yearly on the21stdllyof

September and the 21st day o( March of every year during tbe currency

of the Slock. The firsl paymenl of LrnI.50,O per Lm 100 Slock covering

Ihe period from the 22nd day of September, 1991 to the 21st day of

March, 1992 , shall be made OD the 21st day of March , 1992.

The Stock will be exempted from payment of Death Duty •

wh ile interest thereon will be exempted from Income Tax.

A half-yearly appropriation of ootless than LmIO,OOO out of

the ,enenl revenue and assets of the Government o f Malta shall be

made as a contribution 10 Ihe sinking fund established for the purpose of

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

years from tbe 22nd day of September. 1991 .

The Stock shal l be redeemed aI the rate of Lmloo for every

Lm)oo Stock on such date between the 1st dayof hnuary . 2001 and the

31st day o f December, 2001 (both dales inclusive) lIS shall be

determined by the Accoun tant General and notified in the Gazette.

Stock shall be redeemed only on the surrender of the Stock Certificate

issued.

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