CONVERSION OF LM15,000,000 OUT OF THE LM40,000,000 6% LOCAL 
DEVELOPMENT REGISTERED STOCK 1994 (II) INTO LM15,000,000 6% 
MALTA GOVERNMENT STOCK (CONVERSION) 1999 (II) g S.L.161.43 1
SUBSIDIARY LEGISLATION 161.43
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION OF LM15,000,000 OUT OF THE 
LM40,000,000 6% LOCAL DEVELOPMENT 
REGISTERED STOCK 1994 (II) INTO LM15,000,000 
6% MALTA GOVERNMENT STOCK 
(CONVERSION) 1999 (II)
21st October, 1994
LEGAL NOTICE 145 of 1994.
Title .
Finance for the Conversion of Lm15,000,000 out of the
Lm40,000,000 6% Local Development Registered Stock 1994 (II)
into Lm15,000,000 6% Malta Government Stock (Conversion)
1999 (II).
Mode of issuing 
stock.
2. The stock shall be issued at the price of Lm100 per cent
and shall be allotted by application in multiples of Lm100.
Applications for the allotment of stock shall open on Monday, 31st
October, 1994 at 8.30 a.m. and shall close at 12.00 noon on
Saturday, 19th November, 1994 or earlier at the discretion of the
Accountant General.
Allotment policy.
are eligible to apply for this stock. Allotment shall be made as per
criteria published in the prospectus.
Trading on an 
exchange. 
Cap. 345.
4. An application for the stock to be put on the official list
and trading on a recognised stock exchange will be made in terms
of the Financial Markets Act, when the stock has been fully
subscribed.
Sum of money to 
be raised.
5. The sum of money to be raised by the stock shall be
Lm15,000,000.
Rate of 
contribution to 
Sinking Fund.
6. On conversion date, three-eighths of the balance standing
to the credit of Sinking Fund 6% Local Development Registered
Stock 1994 (II) will be transferred to Sinking Fund 6% Malta
Government Stock (Conversion) 1999 (II). A half yearly
appropriation of not less than Lm187,500 out of the general
revenue and assets of the Government of Malta shall be made as a
contribution to the sinking fund established for the purpose of
redeeming the stock. The first contribution shall be made during
the first six months of the year 1995.
Rate of interest and 
dates of payment.
7.  Interest shall be payable in arrear half-yearly on the 19th of
May and the 19th of November of every year during the currency of
the stock. The first payment of Lm3.00 per Lm100 stock covering
the period from the 20th November, 1994 to the 19th May, 1995,
shall be made on the 19th day of May, 1995.
2 g S.L.161.43
CONVERSION OF LM15,000,000 OUT OF THE LM40,000,000 6% LOCAL 
DEVELOPMENT REGISTERED STOCK 1994 (II) INTO LM15,000,000 6% 
MALTA GOVERNMENT STOCK (CONVERSION) 1999 (II)
Redemption of 
stock.
8. The stock shall be redeemed at par on 19th November,
1999.
