79 tal-1991

I~ N.

79 of 199 1

LOCAL LOANS ( REG ISTERED STOCK AN D S":CU RITI f.S)

O RDI N ANCE. CAP. 161

Oi rKliYf by lnt Min lsler of Fina nce

(or Ihe issue 0( Lm l ,OOO,OOO

7'1> Local ~'dopmenl RtgislUM Stock 200012001

(T HIRI) ISSU .. :)

IN extraS<! of the powers conferred by Section 4(1 )(3) of the Local

Loons (Registe red Stock and Securities) Ordinarl'e, Cap. 161. the

Minister of Finance h3$ authorised lli al the sum of Lm I,(O},OOO 7%

Local Development RcgiSlered Stock 21XKli2OO1 (Third Issue) be

created and iss ued a~ follows:-

I. The Stock shall be issued at the price of Lm 102 per cellt and

shall be ulloue<! by application. The Slock. when fully paid, shall be

registered. Applications fo r the allotmen t of Stock shall open on

Mo nday. 3rd J une, 1991 at 9.00 a.m . and shall close at 12.00 noon on

Sat urday. the 151h Ju ne. 1991 or earli er al the discretion of lhe

Accountant General.

appl ikaujoni , Meta jitha llas ghal kollox l·iS/ock jig; rcgisua t,

Applikaujonijiet ghall -ghot i ta' l-iStock jifl hu I-Tnejn, 3 la' Gunju,

1991, fid -9 a.m. u jaghiqu rnofs in·n har la' nhar is-Sibl. 15 la' Gunju,

1991 jell' qabel fid-diskreu}on i la' I-A CCOUnIOnl Gtntr(ll.

2, Is-§Omma ta ' flus li ghandha linga bar bl-iS/Ock Ikun la'

Lml ,(O),OOO.

J, L-imghu ghandujith all as b"ura kull silt xhurfil· '5 ta' Gunju u

fil·1 5 ta' Diecmbru ta ' kull !;('na matul il-kors ta ' l-iS/ock , L-ewwe l hlas

la' Lm3.50,O kulllm lOO Slock relattivamenl ghall-perijodu bejn is-16

la' Ounju. 1991 u fiI-1 5 ta' Diecmbru, 1991. ghandu jsir fiI- 15 ta'

Diecmbru , 1991.

The sum of money to be raised by the Stock shall be

Lml,OOJ,OOO,

J. Intc rest shall be pa yable in arrcar half-yearly on the 151h day of

J une and the 151h day of De«mber of e~ery year durin g tile currency of

the Stock . The first paymen t of Lm3.50.0per LmlOOSlock co~ering the

period from the 16th day of June 1991 to the 15th day o f Decembe r.

1991, shall be made o n the 15th day of December. 1991 .

A half-yearly appropriation o f no t less than Lm 10,000 ou t of

tile gene ral reven ue and assets of the Gove rnment of Mal!a sha ll be

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

redeeming the Stock . The fil"5t con tribution shall be made within three

years from the 16th day oflune. 1991.

S. The Stock shall be redeemcd at the rate of LmlOO for evcry

Lm 100 Stock on such date bet .... een the 1st dayof January. 2000 and the

31st day of December. 2001 (both datC$ inclusive) as shall be

dctcnnined by thc Accountant Gene ral and noti fied in the G azette .

Stock shall be redecmcd only on thc surrende r o f the Stock Certificate

issued.