89 tal-1993
Statutory Text (5 Articles)
L. N. 89 of 1993
LOCAL LOANS (ltEGlSTERED srocK AND SECURITIES)
ORDINANCE,
(CAP. 161)
CONVERSION OF !ITOCK
D' .. dh~ b1 CM MIMMr 111 riIIaIItt for lhf: Coay~ !.to
LmI ,OOO,OIO 6.)5'" Malta GoYffIUDHII Stock 1998 rrom LmI ,OOO,OOO
6'1 .... Local (JrevtkipuiUt R~ Sl(d; 1993
(Stc ..... ~)
IN e>:en:ite of the powers conferred by s.ection 4(1) (a) of the L..ocal
loans (Registered St<xk and Se<;u ritks) Ordinance. Cap. 161, the
Minister of FinallCe has declared the LmI ,OOO,OOO 6'1 .. % Local
Oewelopmcnl Registered Slock 1993 due for- repayment on the 28th
AU1UM. 1993.10 be coovcnible inlo registered stock 10 be issued ulldcr
the provisioR$ o f the Ordinance.
~ Mi niste r has also aut horised in terms o f sections J] (b) and 32
of the same Ordinanoe thai , for the con~r5ion of the LmI ,OOO,OOO
6'1 .. % Local Development Registered Stock 1993 . new 6.35% Malta
Government (Conw:nion) Stock 1998 be created and iilliued as follows,
I . (a) The Slock shall be issued I ' the price o f LrnlOO per ocn t
and shall boallotled by appl ication in mulliplesofLml00. Applications
for the .Uoumnl of uock for the prese nt holden of the 6'1 .. % Local
Development Relislered Stock 1993 shall open at9 a.m . on Mo nday.
26th July, 1993 alld dose at 12.00 noon un Friday , 6th August, ]993.
(b)
Applications from !be geDeral public for !be remaining
ba]~nce o f th< 6.35% M alt~ Government (Convenion )Su~:k 1998. will
be received at the T reasury between 9.00 a. m. on Monday. 16th
August , 1993 and 12 noon on Friday, 27th August , 1993, Or earlier if
stock is fully subscri bed • • tthe di5Crelion o f the Accountant General.
2 . An appli~ tjon for the ' lock 10 be put on the o fficial list and
trading on the Malt . Stock Exchange will be made in terms of the Malta
Stock Exchange Act, when such Stock has been fully subscribed .
Is-somma ta ' flU$ Ii ghandha lingabar bI-UIOCk Ik .. n
l..m! ,00J.00CI.
The sum of money to be raised by !be stock sball be
Un I ,00Cl, 00Cl.
Interest shall be payable in arrear half·yearly on the 28th day of
February and the 28th day of August in every year during the currency
o f the slock. The fint payment of Lm3.17,s per LmI OO Mock coveri ng
the period from lhe 28lh day of AuguSl. 1993 10 the 27th day o f
Febrvary . 1994 sh.1 be made o n the 28th day o f February , 1994.
The stock shall be redeemed al par on such date between !be
1st day of January . 1998 alld lhe 31 st day of IXccmber . 1998 (both d ate
indusive). as shall be determin.ed by the Accountant G<:neral alld
notified in !be Government Gaxeue .
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