81 tal-1991
Statutory Text (4 Articles)
L.N. 81 of 1991
LOCAL WANS (REGISTERED STOCK AND SECU RITIES)
ORDINANCE. CAP. 161
Directive by the Minister or nnance
for lit(> Issue 0( LmSOO,OOO
3 % Burer I)ebtnlLlr~ I~
(TIURD lSSUE)
IN uercise of the powers conferred by Section 4(1)(b) ofl he Local
Loons (Registered Stock and Securities) Ordinance, Cap. 161 , the
Minister of Fin ance has authorised that the sum of LmSOO,OOO 3%
& arer Debentures 1996 (Third Issue) be created and issued as
folloW5:-
l. The De~nlures shall be issued in mull iples of LmSOO al Ihe
3rd June. 1991 aI9.00 a .m. and shall close al 12.00 noon. Saturday the
15th June. 1991 or earlier at the discfetion of the Accou nta nt General .
The sum of money 10 be ra ised by the Debentures shall be
L-Obbligazz)onijiet jin hargu f muh ipliti la' Lm500 bil-prezz
ta ' LmlOO fiI ·mija . Xi ri la ' Obbl igazzjonijic \ jists ' jsir mid·9.00 a .m. 'a'
nha r it-Tnejn 3 ta' Gu nju . 1991 sa nofs- in-n har ta' nhar is-Sib! , 15 ta '
Cu nju. 199 1 Jew qa bc:1 fid-diskrezzjoni la' l-ACCQuntant Gtnt ral.
LmSOO,OOO.
J. Inte rest shall be payab le in arrear an nually on the 15th day o f
J une of every year d Llring the cLlrrc ncy o f the Debenture. The fi rst
~yment of LmJ.OO.O per Lm 100 Debenture cove ring the period from
tIN: 16th J une 1991 10 Ihe 151h day of J une. 1992, shall be made on Ihe
15th day of June , 1992.
A half-yearly appropria tio n of not less than Lm5,OOOout of the
general revenue and assets of the Go vernment o f Mal ta shall be made as
a contribution to th e sinking fu nd es tablished for the pu rpose of
redeeming the Debentu res. The fi rst contribu tion shall be made with in
three years from the 16th da~ of Jun e, 1991 .
S. The Debentures shall be redeemed at par on the 15th J une.
1996 as determin ed by the Accountant Ge neral and notifi ed in the
Gazette. Debenture redemption moneys shall only be payable on the
su rrende r of the Debenture issued .