 ISSUE OF LM544,900 7% 
MALTA GOVERNMENT STOCK 2010  _g S.L.161.59 1
SUBSIDIARY LEGISLATION 161.59
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM544,900 7% MALTA 
GOVERNMENT STOCK 2010 
30th June, 2000
LEGAL NOTICE 117 of 2000. 
Title .
Finance for the Issue of Lm544,900 7% Malta Government Stock
2010.
Mode of issuing 
Stock.
2. The Stock which is negotiable and free of duty on
documents shall be issued at the price of Lm100 per cent and shall
be allotted to the Foundation for Church Schools in multiples of
Lm100 on the 30th June, 2000.
Rate of interest and 
dates of payment.
3. Interest in full will be payable in arrears half-yearly on the
30th June and on the 30th December in every year during the
currency 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 in at 1% lower
than the normal maximum lending 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 himself or
to any branch of any local bank, person or body of persons to whom
the stockholder has by a request 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 discharge 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.
Trading on an 
exchange.
Cap. 345.
4. An application for the Stock to be put on the official list for
trading on a recognised stock exchange will be made in terms of the
Financial Markets Act. Such Stock may be freely sold to the public
with the prior authorization of the Maltese Episcopal Conference.
Charge on 
Government 
Revenue and 
Assets.
5. The Stock and interest thereon will be a charge on the
general revenue and assets of the Government of Malta.
Redemption of 
Stock.
6. The Stock shall be redeemed at a premium of 10% over the
nominal value on such date between the 1st January, 2010 and 31st
December, 2010 (both dates inclusive) as shall be determined by
2 _g S.L.161.59
 ISSUE OF LM544,900 7% 
MALTA GOVERNMENT STOCK 2010 
the Accountant General and notified in the Gazette.
