".5'l1o LocaJ ~dopmtQl RtgIstencI Stock 19908

L.N. 134 of 1991

LOCAL LOANS (ltEGISTERED STOCK AND SECURmES)

ORDINANCE, CAP. 161

Dlra:th"c by the M ... "'er ut Finance

for the _ _ 01 Lm I ,000,100

".5'l1o LocaJ ~dopmtQl RtgIstencI Stock 19908

(f1ITH ISSUE)

IN exercise of the powen conferred by Section 4( I )(1) of the Local

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

Minister of Finance has authorised that the sum of LmI ,IXXl,OOO 4.5%

Local Development Registered Stock 1~ (Fifth Issue), be aeatcd

and issued u follows;-

The Stotlr. shall be issued al the price of LmlOI per cent and

sh.aI.I be aUotle<! by application. The Stock , when fully paid, shall be

registered. Applications for the allotment of Stock shall open Mond ay.

9th September, 1991 at 9.00 I .m. and shall dose at 12.00 noon on

Friday. the 20th September, 1991 or earlier at the discretion of the

Accountant General.

1. The sum of IDODe)' to be raised by the SlOek shall be

LmI.<OO,OOO.

Lm I,OOO,OOO.

J, L-imghllX ghandu jilllaUas b'lura kull silt xhur fil -21 la '

Setlembru u fil-21 la' Marzu ta' kull sena malui il-kors ta' l-iStllCk , L-

ewwet IIlas ta' Lm2.2S,O kun Lm tOOSIOcA: relatlivamenl ghan-perijodu

bejn il-22 la' Sellembru , 199 1 u 1-21 ta ' Marzu , 1992, ghandu jsir fil ·21

ta' Marzu , 1992.

L-imghu fuq dan l-iStock huwa etenlal mill-lIlas lal-Tun fuq

Interest shall be payable in amar half-yearly on the 21st day of

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

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

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

March , 1992, shall be made on the 215t day of March, 1992.

4, Interest thereon will be uempted from Income Tu.

5, A half-yearly appropriation of DOt less than LmIO,lXXl out of

the aeneral revenue and UlCII of the Governme nt o f Malta $hall be

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

redeeming the Stock. The first contribution shall be made withi n three

years from tbe 22nd day of Septembe r, 1991.

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

LrnIOO Stock OD such date between the ht dayof January , 1996 and the

31st day of December, 1998 (both dates inclusive) 15 shall be

determined by the Aa:ounlant General aDd notified in the Gazette.

Stock shall be redeemed only on the' sWTCnder oftbe Stock CertirlCate

issued.

I-Income,

5, Approprjazzjon i kull sill xhur la' mhUJI anqas minn LmlO,OOO

mid-dhul generali u mill-alliv lal-Gvero la ' Mal ta ghandha sW bIIa1a

konl ribuujoni gball-fond ta' ammortizzamenl sabiex jifdi I-UlOCk. L-

e_et konlribuzzjoni ghandha ssir fi tmien tlie l snin mit-22 ta'

Seuembru, 1991.

6, L-iS/ock ghandu jig; mifdi bir-rala la' LmlOO &hal kull Lm l OO

J/ock fdik id-dala bej n I-I la' Jannar , 1996 u 1-31 ta ' Ditembru , l998 (ii-

tewg dali maghdudin) kif jig; slabbilil mill-A ccountDnt Gcncrol u amI

fil ,Gazzelta. L ·iS/QCk jinfeda bin mal-konsenja lat -Cenifikal la ' I·

is/QCk mal'trug.