49 tal-1991
Statutory Text (4 Articles)
I..N. " I) of 199 1
LOCAl. LOANS (REGISn: K); O S rOCK ANI) SECURITIFS)
ORDINANCE. CAP. 161
Oiredive by the Mini!;ter of Fina nce
rOf' the issue of Lml.OOO,OOO
3 '11> lkarer Otbtntures 1996
SECONIl ISSUE
[N e~<:rcise of the powers conferred by Section4( 1 )(b) of the 1..oc~1
I.oans ( Regi stered Stock and Securi ties) O rdinance. Cap. 161. the
Minister of Finnn~"C has authorised t h~l1the sum of Lm2.000.000 3%
Beare r Debentures 1996 (Second l$Sue ) be ere3!ed and issued as
follo",'s;-
I. The Debentures shall be issued in mult iples of Lm500 al the
29th April. 1991 at 9.00a.m. and shall close at 12.00 noon . Sa turday the
11th M"y . 1991 or earlier at the discretion of th e Accountant General .
The sum of money to be raised by th e d~bem ures shall bt
Lm2.000.000.
[me resl shall be payable in arrear annually on the 11th day of
May of every )'ear du ring the currency of the debenture . The first
payment of I..m 3.00.0 per Lm 100 debenture covering the period from
t h~ 12th May 1991 to the 11th day of May. 1992. sha ll be made on the
11thdayofMa~, 1992.
-I. A half-yearly appropriation of not leS5 than I..m2O,000 out of
Ihe gener .. 1 revenul' and assets of the Government of Malta shall be
made as a contrihution 10 the sinking fund establ ished for the pu rpose of
redeeming the debentures. The first contribution shall be made within
three yc;,rs from the 12th day of May , 199].
11\e I)ebc ntur~s shall be redeemed at par on the 11th M a~ ,
]996 or on such d31e as determi ned by tbe Accountam Geneml and
notified in the Gazelle. Debenture redemption moneys shall only be
pa~abJe on the surrender of the debt:nture issued.
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