                                       LOCAL LOAN _g CAP. 329.          1
CHAPTER 329
 LOCAL LOAN ACT
To authorise a sum of forty million liri to be raised in Malta by way of
loan for the purpose of making good the deficit incurred by the
Consolidated Fund to meet expenditure during the year 1987.
(25th November, 1988) *
Enacted by ACT XXXII of 1988.
Short title.
Power to raise 
loan.
2. (1) Subject to the provisions of this Act, the Government
of Malta may raise in Malta by way of loan a sum of money not
exceeding forty million liri.
Cap. 161.
(2) For the purpose of raising the loan as aforesaid, the
Minister responsible for finance is hereby authorised to issue stock
in Malta under the provisions of the Local Loans (Registered Stock
and Securities) Ordinance, and the loan made under the provisions
of this section shall be made on such terms and conditions as the
said Minister may approve.
Purpose of loan.
be appropriated and applied for the purpose of making good the
deficit incurred by the Consolidated Fund to meet expenditure
during the year 1987.
* See  Government Notice No. 774 of the 25th November, 1988.
