6.00,," M.lta GovPnUMtlt SCoc:l 19"

L.N. ~ of ."..

LOCAL WANS

(REGISTER£D STOCK AND SECURITIES) ORDINANCE,

(CAP. 161)

DlrectI .... by the MlaifIer of FIaanc.'t

for tbe ~ ofLmIO,toG,OIO

6.00,," M.lta GovPnUMtlt SCoc:l 19"

(tlRST lSSUE)

IN exercise of the powers conferred by subsection 4(1)(a) of the

Local Loans (Registered Stock and Securities) Ordinan<:e, Cap. 161,

the Ministe r of Finance has authorised that the wm of lmiO,fXXl,OOI)

6.00% Mal ta Government StOl:k be created and iss...ed 15 foUows:-

The Stock shall be issued lithe prke of LrnlOO per cent and

shall be allotted by application in multiples ofLmlOO. ApPlications for

the allotment of Stock shall open 00 Monday. 4th April , 1994, at 9.00

' .m. and shall close at 12,(1() noon on Saturday, 23rd April, 1994, Of

earlier.1 the lfucretioo oflhe Accountant ~neral.

A llolIIK:nt wiU be on • fin t applied fint accepted basis wilh

preference being given to non banking applican ts.

J. An application for the Slocli: 10 be put on the officiall.i$l and

trading on the Malta Stock Exchange will be made in tcnns of the Malta

Stock Exchange Act, when 5uch Stock has been fully subscribed.

1bc sum of money to be raised by me Stock sbal.I be

LmI O,OClO,OOO.

Inlereslshall be payable in &f'Uar half-yearLyon the 23rd day of

April and the 23rd day of October of every year durina the Qlm:11C)' of

the Stock. The first payment covering the period from the 24th day of

April, 1994 to the 23rd day of October, 1994, shall be made on the23rd

day of Octobe r , 1994.

An annual appropriation of !}Otless than Lm2OO,OOOouloftbe

General Revenue and AsseU. of the Govemment of Malta shall be made

as a IX)Iltribu tion to the Sinking Fund established for the purpose of

Ted«mina the Stock. The lint IX)Iltribution shall be made during the

year 1996.

The Stock .<ball be redeemed at the rate of LmIOO for every

LmIOO Stock on the 23d April, 1999.

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