144 tal-1994
Table of Provisions (9)
Statutory Text (9 Articles)
L.N . ..... 01 1""
LOCAL LOANS
(REG Isn:Rm !iTOCK ANO SJ:CURITI ES) ORDLNA.t~CE,
(CAP. l lil )
CON VERS ION or STOC K
Dinc:the by tM Mlnisl« oIt',nana
for thr Convtnion 01 LmS,OOO ,OOO out cl lhe
Lm40,OOO,OOO6 % l.ocallkvd~nl Regl!.ten<i Stock 1994 (11)
Into Lm5 ,OOO.OOO 5.65<)1, Malta Go.'crrllnen t Slock
(COII.'enIoft) 199tl (IV)
IN exerdse oh he powers conferred by section 4(1)(a) of lhe Local
Loans ( Registered Stock and Sccurilie$) Ordinance. Cap. 161 . the
Mioisler ofFinarx:e IIl1$dttlared LrnS,OOO.OOOOUI of the Lm40,OOO.OOO
6% Local Developmenl Registered Slock 1994 (If) which is due for
repayment between 1St January . 1994 and 31st December, 1994 to be
con~rtible into registered stock 10 be issued unde r Ihe provisions of the
O rdinanee.
The Minister has also authorised in term s of seclion 3 I (b) and 32 of
the same Ordinance Ihat, for Ihe conversion of LmS.OOO.OOO OUI of the
Lm40,OOO,OOO6% Local Development Registered Stock 1994 ( 11) a ne w
S.6S% Malta Government (Convenion) Stock 1998 (1 V) becrealedand
issued as follows
TIle Stock shall be i!-Sucd althe price of LmlOOper cenl and
shall be alloned by applicalion in mUl tiples of LmlOO, Applications for
the ali Ol1 me nt of Slock shall open on Monday, 31St October. 1994 at
l.·gIIoli ID' dan l-iS/GCk jingflala csk lussivamenl
lill-
istituujonijiel banka rji fuq il-krilcrji pubbli kali fil -prospeu.
Iss;r applikazzjoni sabicx l-iS/ock jilqicgllcd fuq il-lislD uffiCjali St_1iI-
u jsir ncgozjar licg!lu fil-Sofia la' Malta skond id·dispoZizzjonijicl la'l- _,,· MoI ...
An d .... ar il-Sofia la' Malta meta dan l·iS/ock ji lh " lI ~s kollu.
Is-somma ta' flus li gbandha li ngabar br-iS/ock tk un la'
Lm5.00l,OOO.
Mid-da ta ta' lxiii , w;';'hed minn kun tmic nja tal-bilan~ li jkun
jinsab fiI-kwilu tal· Fond tal-Ammonirlamcnt 6% Sllxk Lok.ali
Rciislrlll ghall -rtvilupp 1994 (11) jigi tra5feril ghall-Fond lal-
Ammortiuamcnt 5.65% S/ock tal-Gvern ta' Malt a (lIdi l) 1998 (IV).
Approprjazzjoni kutl sin xhu r la' mhux anqas minn I.. m62.SOO mid·dhul
jcncrali u mill-ani" lal·G'·crn la' Malla gIIandlla ssir bflala
konlribulIjoni ghall· Food ID' Ammorlizzamcnl sabiex jinfcda l-iS/oclr.
L-ewwci ko nlri buzzjoni ghndlla ssi. malul l-e_cl sill xh u. tas .... na
1995.
L-imghax gha ndu jithallas b '[urn tun sill xlluT fid-19 \a' Mejju ,
u fid-19ts' Novembru ta' kull sella malul il-koTSla' l·iS/ock. L-e"' ..... ej
hlas ta' Lm2.82,5 kull Lrn lOO Suxk relau iv ghall-peTjodu mill-20 ta'
Novcmbru , 1994 sad- 19 ta ' Mejju, 1995 ghandu isir fid· 19 la' Mcjju,
1995.
L-iStock jinfeda b'pariti fid-19Ia' Novcmbru. ]998.
30 a.m . and shall close at 12,00 noon on Saturday, 19th November.
1994 or u rlicr at the di<rretion of Ihe Accountant General.
2. AlLottment of this stock shall be made ndu$ively to Banking
Inslitutions as per rIit~ria published in the prospectus.
J. An application for the Stock to be put on the official list and Tnduol "" ,lit
trading on II,e Malla Stock Exchange will be mad!! in te rmsol the Malta
Stock Exchange Act. when Ihe Stock has been fully subscribed .
4. The sum of money 10 be raised by the Stock shall be
Lm5.000,OOO.
S. On conversion date. one·e ighth of the bal:mce standing to the
credit of Sinking Fund 6% Local Developme nl Registered Slock 1994
(11) will be transferred loSinkingFund5.6S% Malta Govemmcnl Stock
(Conversion) 1998 (IV) , A lIalf ycarly appropria tion of not less tllan
Lm62,5QO out 01 the general reve nne and asseu of the Gove rnment of
Malta $hall be made as a contribution to the Sinking Fund established
for Ihe purpose of redeeming Ihe Stock. The firsl contribulion shall be
made during the first six months of the year 1995.
6. Interest sllall be payable in arrear half·yearly on the ]9th of
May and the 19th of November of every year during 11le currCMy of1he
Stock. The first payment of Lm2.82 ,5 per Lm]OO stock covering the
period from the 20th November , ]9')4 to the 19th May. 1995, sllall be
made on tbe 19th day of May. 1995.
7. The Stock shall be redeemed al par on 19th November. 1998.
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