7% MaJta Government Stock 2006 (IV)

L. N. 129 of 19M

LOCALWANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161 )

Directive by the Minister of Anance

for the Issue of Lm167,127

7% MaJta Government Stock 2006 (IV)

IN exercise of the powers conferred by section 4( IXa) of the

Local Loans (Registered Stock and Securities) Ordinance, Cap. 16 1,

and by section 6 of the Ecclesiastical Entities (Properties) Act. 1992,

and in virtue of the Agreement entered into between the Holy Sce and

Malta, signed on the 28th November, 1991 , and reproduced in the

Schedule to the Ecclesiastical Entities ( Properties) Act , 1992, tbe

Minister of Finance has authorised that the sum of Lm l67,I 27 7%

Malta Govern ment Stock be created and issued directl y to the

Foundation for Church Schools as follows

I. The Stock which is negotiable and free of duty on documents !'Iodoof

shall be issued at the price of Lm 100 per cent and shall be allotted to , .. "" SIock .

the Foundation for Churc h Schools in multiples of Lm 100 on the 30th

June. 1996.

2, Interest in full will be payable in arrear half-yearly on the lUteofi"", .. "

30th June and on the 30th December in every year during the currency ~-"

~y_.

of the Stock. The rate of interest shall be revised upon the lapse of

every period of two years, starting from the date of emission of such

stock, in such a way as to maintain it at 1% lower than the normal

maximum lendi ng rate allowed at law , it being understood that it cannot

fall below 7%.

Payment of interest will be made by warrant, which will be sent

by post at the stockholder's risk to the stockholder hi mself or 10 any

branch of any local bank, person or body of persons to whom the

stockholder has, by a req uest in writing, authorised the Accountant

General to issue such warrant. No warrant shall be paid until the relative

receipt has been duly signed and such receipt shall be a full disc harge

to the Accountant General and the Government for such payment. In

cases where Stock is registered in the names of two or more persons

as joint stockholders, the Accountant General may make payment in

the manner above mentioned to the person whose name first appears

in the register .. A receipt for the payment of interest given by one or

two or more joint stockholders Shall , unless notice in writing to the

contrary has been received by the Accountant General from any other

joint stockholder, be a full discharge to the Accountant General and the

Government for the payment of such interest.

L-imghax shih ghandu jithallas b'lura kull sill xhur fi l-30 la' Rota ' .' '.i"'llha.>

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Gunju u fit-30 ta' Dicernbru ta' kull sena matul il-perjodu ta' l-iStod:.

IT-rata ta' I-imghax tk:un riveduta kull sentejn, li jibdew jghoddu mill-

hrug la' l-iStock, b'tali mod Ii jiniamm 1% anqas mir-rata massima

nonnali las-self skond il-ligi , sakemm dan qat! ma jkun anqas minn

7% .

ll-hlas ta ' I-imghax ghandu jsir b'warranl , li jintbaghat bil-posta

ghand l-iStockholder innifsu ghar-risku tieghu Jew fxi fergha ta' bank

lokali.ghand persuna jew korp ta' persuni li lilhom l-iStockholder ikun ,

b'lalba bil-miktub, awtorizza lilI -Accountant General biex johrog il-

warrant . L-ebda warrant m' ghandu jilhallas sakemm rcevuta relattiva

tkun iffinnata u taH reevula ghandha lkun prova la' hlas favur 1-

Accountant General u I-Gvem. F' kai ijiel li l-iStock ikun registrat

fi smij iet la' Zewg persuni Jew aklar bhala stockholders aggunli, 1-

Accountant Genual jista ' jaghmel il-hlas bil-mod indikat hawn fuq lil

dik il-persuna li isimha jidher l-ewwel fuq ir-regisuu . Rec:vuta ta' hlas

ta' imghax moghtija minn wiehed jew tnejn jew &kw srodJwltkrs

aggunti ghandha. sakemm ma jkunx hem m avvii ghall-kuntrarju

milqugh mill-Accoumant General minn xi slockholder iehor aggunt,

ilrun prova ta' hlas ta' I-imghax favur I-Accountant Genertll u I-Gvem.

3, L-applikazzjoni biex l-iSlock jitqieghed fuq il-liSla uffiejali u

biex ikun negozjat fil -Boria ta' Malta ghandha ssir skond I-An dwar il-

Born ta' Malta, Kap. 345. Tali Slocks jistghu jinbieghu lill-pubbliku

bl-awtorila minn qabellal-Konferenza Episkopali Mallija .

4, Approprjaujon i la' kull sit! xhur la' mhux anqas minn

Lm l ,500 mid-dhul u I-assi generali tal-Gvem ta' Malta gl'landha ssir

b'kontribuujoni lejn is-Sinking Fundinwaqqfa bil·ghan li jifdi l-iSrock.

L-ewwel kontribuujoni ghandha ssir fi mien tliel xhur mit-30 ta'

Cunju, 1996.

S. L-iSlock u I-imghax fuqu ghandhom ikunu akkarigu tad-dhul

u "assi generali tal-Gvem ta' Malta.

6, L-iSlockjinfeda bi premium ta' 10 fil-mija fuq il-valur nominali

tieghu rdata bejn I- I la' Jannar la' 1-2006 u 1-3 1 ta' Dii:embru, 2006

(ii..l.cwg dati ink:Juii) skood kif jiddelermina I-Accountant Gentral u

notifikat fiI-Gazzetta tal-Gvem ,

An application for the Stock to be put on the official list and

for trading on the Malta Stock Exchange will be made in tenns of the

Malta Stock Exchange Act, Cap. 345. Such Stock may be free ly sold to

the public with the prior authorization of the Mahese Episcopal

Conference.

A half·yearly appropriation of not less than Lm I ,500 out of

the general revenue and assets of the Government of Malta shall be

made as a contribution to the sinking fu nd established for the purpose

of redeeming the Stock . The first contribution shall be made within

three years from the 30th Ju ne, 1996.

The Stock and interest thereon will be a charge on the general

revenue and assets of the Government of Malta.

The Stock shall be redeemed at a premium of 10% over the

nominal value on such date between the 1 st January , 20)6 and the 31st

December, 2006 (both dates inclusive) as shall be detennined by the

Accountant General and notified in the Government Gazette.

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