76 tal-1991
Table of Provisions (6)
Statutory Text (6 Articles)
I..N. 76 or 1991
LOCAL LOANS (RF..G ISTE IU:U S
, TOCK AND SECURITI ES)
ORDI NANCE, CAP. 161
J)jndh'~ by the Minisl~ of tlnanc:e
for Ih~ Issue ofLmSOO.OOO
J% Local Dt,-dopmenl k tgisttrfll Slock 2001
IN exe rcise of the powers conferred by Section 4( 1)(a) orllle Local
Lo~ns
(Registe red Stock. and Se<.:urities) Ordinance, Cap. 161. the
Minister of Finan<:e has authorised that Ihe sum o f LmSOO,(XXl 3%
Loca l De~elopmcnt Registered Stock 200 1. be created and issued liS
follows:-
I. The Stock shall be issued u, the price of Lm 100 per cem and
. holl be alloned by applica tion . Th e Stoc k. when fully paid, shaH be
registered. Applications for the allotment of Stock shall open on
Monday. Jrd htne. 1991 al 9 .00 a .m. and shall close al 12.00 noon on
Satu rday. the 15th June. 1991 or cnrlie r at the discretion of th e
A ccou nt~nl General.
The sum of money to be raised by the Stock shall be
LmSOO.OO).
Interest shall be payable in arrearhalf·yearlyon the 15th day o f
j .
June ~n d tile 15tll day of Decembe r of every year during the currency of
the Stock. The first payment of Lml .50,Opcr LmlOO Stock cove ring the
period from the 16th day of June. 1991 to the 15th day of Decembe r,
1991. shall be made on the 15th duy of December, 1991.
L-imghax ghandu jithallas b'l ura kull silt xhur fiI-1 S la' Cunj u u R ... .. ' im", ••
fiI·I S ta' Ditcmbru la' kull sc:na maml il-kors la'l-iSlock . L-cwwcl hlas "do'i '.,·~, ...
ta' Lm 1.50,0 kull I..mlOO Slock relatlivamenl ghall-pcrijodu hejn is-16
la' Cunju, 1991 u 1·15 ta' Diccmbru, 1991. ghandu jsir fi l-!5 la
Difcmbru.I991.
The Stock will be exempted from paymell1 of Death Duty.
while interest thereon will be exem pted from IlIcome Tax.
A half-yearly appropriatio n of not less than Lm5.(0)out of the
general re~'enue and assets of the Govemmellt of Maltashall be made as
a cont ribu tion to the sink ing fund establi shed for the purpose o f
redeeming the Stock. The first contribution shall be made within three
years from the 16th day of J une. 1991.
The Stock shall be redee med at the ra te of Lm l00 for every
Lml00 Stock on sueh date between the 1st day of Ja nua ry. 200 1 and t he
31st day of December. 200 1 (bot h dates incl usive) as shall be
determined by the Accountant General and notified in the Gazelte .
Stock shall be redeemed only on the surrender of the Stock Certifica te
issued.
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M,.boIaJI n.'''''''!,<rij.o 0.1-(; . . ", _ ",....not !It< Go,~ .......... """"'" "....
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