149 tal-1991
Statutory Text (5 Articles)
I.. N. 149 of 1991
LOCAl. I..OANS (KI-X; ISTEREI) STOCK AND SECURITIES)
ORDINANCE, CA P. 161
Dlreclln by the Minister of Finance
for tM: issue otLm l ,OOO,OOO
J"'- Bearw Debenture 1996
(SIXTH ISSUE)
IN e~ercise of th e powers conferred by Section 4( l)(b) of the Local
Loans ( Regi§tered Slock and Securi ties) O rdinaocc:. Cap. 161. the
Mini§ter of Finance has authorUed that the sum of Lm I.OOO.OOO J %
Bearer Deben tures 1996 (Sixth Issue) be created and issued as
follows: -
The DebenlUrcs shaH be issued in multiples of Lm500 at the
7th October. 1991 al 9.00 a.m. and shall close at 12.00 noon , Saturday.
th e 19th October, 1991 or earl ier at the di scre tion of the Acco untant
Gene ral.
The sum o f money to be raised by the Debentures shall be
Lm I.(Q).(Q) .
J.
tnt erest shall be payable in arrear annua lly on the 19th day of
Octobe r o f every year d uring the currency of the Debenture. The first
payment of LmJ.oo.O per Lmtoo Debent ure covering the period from
the 20th October 1991 to the 19th day of <Xtober. 1992. shall be made
on the 19th day of Octobe r, 1992.
A ha lf·yea rly appropriation of not less than LmIO.OOO out of
the general reven ue and assets of the Governmen t of Malta shall be
made as a contribution tothe sink ing fund established for !he purpose of
redee ming th e Debentu res. The first contribution sha ll be made within
three years from !he 20th day of October. 199 1.
The Dc benturesshall be redeemed at paron the 19th October.
1996 as determined by !he ACC()untant Gene ral and nOlified in the
Gazelte. Debenture redemption moneys shall only be payable on the
su rrender of the De be nt ure issued .
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