4.5% I.«aI DtVt~nl Rqlsttrtd Sloc:k 1996198

I .. N. 151 or 1')91

LOCAL LOANS (REGISTERED STOCK AND SJo:CUR ITIES)

OKDlNANCE, CAP. 161

Directive by Ihe Minisler of tlnance

for lbe IsIiIlt of Lm700,OOO

Is-somma la' fillS li gIlandha lingaba r bl-iStxk Ikun ta'

Lm7oo.000.

), L-imgllu g.bandu jithallu b' lura kull sitt xhur fid-19 ta'

Otlubru u fid-19 ta' April la ' kull sena mami iJ-kors la' l-iStock . L-

ewwel hlas la ' Lm2.2.S.0 kull Lm loo Stock relattiva me nt gIlall·perijodu

bejn 1-20 la ' Otlubru , 1991 u d-19 ta' April, 1992, ghandu jsir fid-19 la'

April , I992.

5% I.«aI DtVt~nl Rqlsttrtd Sloc:k 1996198

(SIXTH lSSUEj

IN exercise ofthe powers conferred by Section 4(1 )(a) of the Local

Loan ~

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

Minister of Finance has authorised that the su m of Lm700.000 4.5%

Local Development Regisle rcd Stock 1996198 (Su.l h Issue). be created

and issued as follows:-

I . The Slock shall be issued allhe price of Lm lO l per cent a nd

shall be allotted by application. The Stock. . when flllly paid , shall be

registered. Appl ications for the allotment ofSlock sha ll open Monday.

7th Qclober, 1991 1I 9.00 a.m. and shall close: 11 12.00 noon on

Salllrday. the 19th October. 1991 or earlier at the discretion of Ihe

Accountant General.

2. The sum of money to be raiscd by the Stock shall be

Lm700.000.

J. Inte rest shall bepayablei n arrear half-yearly on Ihe 19th dayof

October and lhe 19th day o f April of every year during the currency of

the Slock . The first payment o fLm1 .25,Oper LmlOO Stock covering the

period from the 20th day of Octobe r. 1991 to the 19th day of April . 1992.

shall be made on Ih e 19th day of April , 1992.

Intercsl lhereon will be eJlemplcd from Income Tu .

4. S. A half-yearly appropriation of not less than Lm7 .OOOOllt of the

general reve nue and assctsofthe Government of Malta shall be made as

a contribulion 10 the si nk ing fund established for the purpose of

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

years from the 20th day of Octobe r. 1991 .

Approprjazzjoni kull silt xhu t ta' mhUll anqas minn Lm7,OOO Ra ..... •

mid-dh ul genera li u mill-attiY lal·GYem la ' Malta ghandha ssir bhala -bou2joai

kontribuz:l:joni ghall-fo nd la' ammorliUllmenl ubiex jifdi I-utock. L- amrno"t.wnen' .

ewwcl konlribuzzjoni gIlandha ssir fi tm icn Iliel snin mill-2(J la'

Ot tubru , 1991.

The Stock shall be redeemed at tile rate of Lml OO for e\'ery

Lm l00 Stock on such date betwee n tile 151 day of Jan uary. 1996 and the

31st day of December. 1998 (bOlh dates inclllsive) as shall be

determined by tile Account ant General and notilied in the Gau11e.

Stock sllal1 be redeemed only on the surrender of the Stock Ce rtificate

issued.

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