121 tal-1992
Table of Provisions (6)
Statutory Text (6 Articles)
L.N . 121 er .992
LOCA.L LOANS
(REG ISTERED STOCK AND SECURITIES) ORDINANC E
(CAP . 161)
Dir~ r tiv~ by th~ :Milli.t~r of Finance
for the iosue ofLlnS ,OOO ,OOO
7. 75% r.hlt~ GOWl1Unellt Stock 2002
(nRST ISSUE)
IN cl c rcise of tile powers con fe rred by subse<:tion 4(1)(a) o f tile
Local Loans (Registe red Stock and Secu rities) Ord inance . Cap. 161.
the Minisle T of Finanoe IIas authorised that the $Urn of LmS,OOO.OOO
7.15% Mal ta Government Stock be created and issacd as follows: -
I . The Stoc k shall be i"ued 31 the price of Lml OO per CC IlI and
shall be allotted by application in multiples of Lm l OO . Applications for
the aHo uncn! o f Stock shaU open on Friday, 18th Deecmber , 1992 at
9.00 a .m . and shall clo!.eat 12.00 noon onTuesday, the 29th December.
1992 o r earlier al the discretion of the Accounta:!1 General.
All appliealion for the Slock 10 be put on the ofrtciaJ li$l. and
trading on the Malla Stock b ehan!\<, will be made in terms of tbe Malla
Stock Exchange Act, 1990 .... hen such Stock has bee n fu!ly subscribed.
The sum of money to be raised by thc Stock shall be
Lm5.000.000.
Interest shall be payable in arrcar hlf-ycarly on the 3rd dayof
April and thc 3rd day or October of cvcry ycar during the currcncy of
tbe Stock. The firsl payme nt covcring Ihc period from the 30th day of
December, 199210 the 3rd day of April. 1993. shall be made on the 3rd
day of April. 1993.
S. A half·yearly appropria tion of not le" than LmSO.OOO mu of
the general revenue and lISSC ts of Ihe Goyernment of Malt a shall be
made as a contribu tion to the sinking fund established for the purpose of
redeeming Ihe Sux;k. Thc first oonlribution shall be made wilhin three
years from the 29th day of Decembe r . 1992.
Approprjazzjoni kull silt xbur ta' mbux anqas mi nn Lm5(],OOO
mid-dhul gcnc rali u mill·an iv tal ·Gvern la' Malla ghan.dha ssir bhala
kontribu12jooni ghaJl·fond la' ammonizzamc nt sabicx jinfcda l-istock . L-
e_ cl komribuzzjoni ghandb8 ssir fi tmicn tliet soin mid·29 ta'
Di&:mbru.I992.
The Stock shall be redeemed al the rate of LmlOO for every
LmlOO Stock on such date bet .... ee n the 1st day of January , 2002 and the
31s1 day of December. 2002 (bolh dales inclusive) as shall be
determined by the Accountant General and notified in the Governm en l
Ga~elle.