CONVERSION INTO LM1,000,000 6.35% MALTA 
GOVERNMENT STOCK 1998 FROM LM1,000,000 6¼% LOCAL 
DEVELOPMENT REGISTERED STOCK 1993 SECOND ISSUE g S.L.161.36 1
SUBSIDIARY LEGISLATION 161.36
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION INTO LM1,000,000 6.35% 
MALTA GOVERNMENT STOCK 1998 FROM 
LM1,000,000 6¼% LOCAL DEVELOPMENT 
REGISTERED STOCK 1993 SECOND ISSUE
16th July, 1993
LEGAL NOTICE 89 of 1993.
Title .
Finance for the Conversion into Lm1,000,000 6.35% Malta
Government Stock 1998 from Lm1,000,000 6¼% Local
Development Registered Stock 1993 Second Issue.
Mode of issuing 
stock.
2.  ( a ) 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 for the
present holders of the 6¼% Local Development
Registered Stock 1993 shall open at 9 a.m. on Monday,
26th July, 1993 and close at 12.00 noon on Friday, 6th
August, 1993.
( b ) Applications from the general public for the remaining
balance of the 6.35% Malta Government (Conversion)
Stock 1998, will be received at the Treasury between
9.00 a.m. on Monday, 16th August, 1993 and 12 noon
on Friday, 27th August, 1993, or earlier if the stock is
fully subscribed, at the discretion of the Accountant
General.
Trading on an 
exchange.
Cap. 345.
3. 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 such stock has been fully
subscribed.
Sum of money to 
be raised. 
4. The sum of money to be raised by the stock shall be
Lm1,000,000.
Rate of interest and 
dates of payment.
5. Interest shall be payable in arrear half-yearly on the 28th
day of February and the 28th day of August in every year during
the currency of the stock. The first payment of Lm3.17,5 per
Lm100 stock covering the period from the 28th day of August,
1993 to the 27th day of February, 1994 shall be made on the 28th
day of February, 1994.
Redemption of 
stock. 
6. The stock shall be redeemed at par on such date between
the 1st day of January, 1998 and the 31st day of December, 1998
(both dates inclusive), as shall be determined by the Accountant
General and notified in the Gazette.
