CONVERSION OF LM6,885,000 6% LOCAL DEVELOPMENT 
REGISTERED STOCK 1994 (I) INTO LM6,885,000 5.65% 
MALTA GOVERNMENT STOCK 1998 (THIRD ISSUE) [ S.L.161.40 1
SUBSIDIARY LEGISLATION 161.40
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION OF LM6,885,000 6% LOCAL 
DEVELOPMENT REGISTERED STOCK 1994 (I) 
INTO LM6,885,000 5.65% MALTA GOVERNMENT 
STOCK 1998 (THIRD ISSUE)
17th June, 1994
LEGAL NOTICE 68 of 1994.
Title .
Finance for the Conversion of Lm6,885,000 6% Local
Development Registered Stock 1994 (I) into Lm6,885,000 5.65%
Malta Government Stock 1998 (Third 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 by the
present holders of the 6% Local Development
Registered Stock 1994 (I) shall open at 8.00 a.m. on
Monday, 20th June, 1994, and close at 12.00 noon on
Saturday, 2nd July, 1994.
( b ) Applications from the general public for any remaining
balance of the 5.65% Malta Government (Conversion)
Stock 1998 (III) will be received at the Treasury
between 8.00 a.m. on Monday 4th July, 1994 and 12
noon on Friday 15th July, 1994 or earlier 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
Lm6,885,000.
Rate of 
contribution to 
sinking fund.
5. On conversion date, the balance standing to the credit of
Sinking Fund 6% Local Development Registered Stock 1994 (I),
will be transferred to Sinking Fund 5.65% Malta Government
(Conversion) Stock 1998. Since it is envisaged that on maturity
date the invested amount in the sinking fund will be enough to
cover the amount of stock, there would be no need for more
contributions towards this fund.
Rate of interest and 
dates of payment.
6. Interest shall be payable in arrear half-yearly on the 15th
day of July and the 15th day of January in every year during the
currency of the stock. The first payment of Lm2.82c5 per Lm100
stock covering the period from the 15th July, 1994 to the 14th
January, 1995, shall be made on the 15th day of January, 1995.
2 [ S.L.161.40
CONVERSION OF LM6,885,000 6% LOCAL DEVELOPMENT 
REGISTERED STOCK 1994 (I) INTO LM6,885,000 5.65% 
MALTA GOVERNMENT STOCK 1998 (THIRD ISSUE)
Redemption of 
stock.
7. The stock shall be redeemed at par on 15th July, 1998.
