S.5'ilo Local Development Registend Stodr; 1995

L.N. 189 of 1990

LOCAL LOANS (REGISTERED STOCK AND SECURITIES)

ORDINANCE. CA i'. 161

D1recllve by Ihe Minister or ~'inance

for the Issue ofLm4.000,OOO

S.5'ilo Local Development Registend Stodr; 1995

EIGHTH ISSUE

IN exercise of the powersconfened by Section 4(1) (a) of the Local

Loons ( Registered Stock and Securities) Ordinance . Cap . 16 1, tbe

Minister of Finance has autho rised that the sum of Lm4.000,OOO 5.5%

Local Developme nt Registered Stock 1995 (Eight Issue) becreated and

issued as follows:-

I. The Stock shall be issued at the price of Lm96 percent and shall

be allotted by application. The Stock, whcn fully paid. shall be

regi stered . Applications for the allotment of stock sha ll open on

Monday. 19th November. 1990 at 9.00 a. m . and shall close at 12.00

noon on the 1st December, 1990 or earli er 8tthc discretion of the

Account ant General.

applikaajoni. Metll jilhallas ghal kolJoll j-Lrlock jig; registral . ,.· I·Ured.

App likazzjo nijiet ghall-ghot; ta' I-is/od: jirthu I-Tntjo, 19 la'

Novembru. 1990 u jaghlqu r nofs in-nhar ta' ,-( ta ' Ditc mbru , 1990 Jew

qabcl fid-diskrezzjoni to' l·A ccoullIalll Genual.

The sum of mo ney to be raised by the stock shall be

Lm4,OOO.OOO.

J. Int erest shall be payable in arre ar half-yearly on the 1st day of

June and the 1st day of December of every year during the cune ncy o f

the stock. The first paymen t of Lm2.15,O pe r Lml oostock covering the

period from the 2nd day of December 1990 \0 the 1st d ayof June. 1991 ,

shall be made on the Istdayoflu ne. I99I .

A lIalf-yearly appropri ation of not less than Lm40.000 OUI of

the ge neral revenue and assets of the Gove rnment of Mal ta shall be

made as a oon tribUlion to the sinking fund establish ed for the purpose of

redeem ing the stock . The first COIltribution shall be made within three

yea rs from the 2nd day of Da:cmber. 1990.

The Stoc k shall be rcOcemed al the rate of Lml OO for every

LmlOO stock on such date between the 1st day of January. 199:5 and the

31st day of Dece mbe r. 199:5 (bolh dat es inclusive) as shall be

det crmined by Ihe Account ant Gene ral and notified in the Gaune.

Stock sholl be rcdeemed only on the sunende r o f th e stock certificate

issued .

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b, I10t f)qJ<I"""'" of ,~t-'"""

c..,;ll.

Mu""", 0-1"' '''.,.''1' ,.H;",," _ P.{~"d.r ,'" Go,.....""".'/'''''''''' ""',

L-ulock ghandu jig; mifdi bir·rata la' Lm IOO gI'Ial t uU Lm IOO

slock fdik id-data bejn 1·1 ID ' Jannar , 1995 u 1·31 la' Di6e mbru . 1995 (it· >od.

zewg dali maghdudin) kif jigi st abbilil mi!1·Accormlanl GerreTal u avtat

fil ·Gazzetta. L·iswd jinfcda biss mal·konliCnja ta6-Ce rt ifikalta ",u-fock

mallrug.