LOCAL DEVELOPMENT 
REGISTERED STOCK EXEMPTION [ S.L.123.22 1
SUBSIDIARY LEGISLATION 123.22
LOCAL DEVELOPMENT REGISTERED STOCK 
EXEMPTION ORDER
LEGAL NOTICES 75, 104, 105, 161, 162, 163, 164, 165, 166, 167, 168,
171, 172, 173, 174 and 188 of 1991, consolidated.
Title.
Stock Exemption Order.
Exemption on any 
interest.
2. Any interest payable in respect of the issue of Local
Development Registered Stock as specified in the First Schedule to
this Order, shall be exempt from the payment of income tax.
Exemption on the 
first fifty liri 
interest.
3. The first fifty liri interest received annually by any person
in his/her name in respect of the Local Development Registered
Stock as specified in the Second Schedule to this Order, shall be
exempt from the payment of income tax. In the case of a married
couple, this exemption shall also be applicable to stock held in the
name of the wife.
FIRST SCHEDULE
(Article 2)
S.L. 161.03
Lm1,000,000 4.5% Local Development Registered Stock, 1996/
1998 - Legal Notice 35 of 1991.
S.L. 161.05
Lm1,000,000 4.5% Local Development Registered Stock, 1996/
1998 (Second Issue) - Legal Notice 50 of 1991.
S.L. 161.09
Lm500,000 4.5% Local Development Registered Stock, 1996/1998
(Third Issue) - Legal Notice 77 of 1991.
S.L. 161.14
Lm1,000,000 4.5% Local Development Registered Stock, 1996/
1998 (Fourth Issue) - Legal Notice 120 of 1991.
S.L. 161.15
Lm500,000 3% Local Development Registered Stock, 2001
(Second Issue) - Legal Notice 122 of 1991.
S.L. 161.18
Lm1,000,000 3% Local Development Registered Stock, 2001
(Third Issue) - Legal Notice 132 of 1991.
S.L. 161.19
Lm1,000,000 4.5% Local Development Registered Stock, 1996/
1998 (Fifth Issue) - Legal Notice 134 of 1991.
S.L. 161.20
Lm700,000 3% Local Development Registered Stock, 2001 (Fourth
Issue) - Legal Notice 148 of 1991.
S.L. 161.22
Lm700,000 4.5% Local Development Registered Stock, 1996/1998
(Sixth Issue) - Legal Notice 151 of 1991.
2 [ S.L.123.22
LOCAL DEVELOPMENT 
REGISTERED STOCK EXEMPTION
SECOND SCHEDULE
(Article 3)
S.L. 161.12
Lm1,500,000 7% Local Development Registred Stock, 2000/2001
(Fourth Issue) - Legal Notice 118 of 1991.
S.L. 161.13
Lm1,500,000 6.5% Local Development Registred Stock, 1996/
1997 (Fourth Issue) - Legal Notice 119 of 1991.
S.L. 161.16
Conversion of the Lm3,000,000 6.5% Local Development
Registred Stock, 1991 - Legal Notice 127 of 1991.
S.L. 161.17
Lm2,000,000 7% Local Development Registred Stock, 2000/2001
(Fifth Issue) - Legal Notice 131 of 1991.
S.L. 161.21
Lm1,000,000 7% Local Development Registred Stock, 2000/2001
(Sixth Issue) - Legal Notice 150 of 1991.
S.L. 161.23
Lm2,500,000 6.5% Local Development Registred Stock, 1996/
1997 (Sixth Issue) - Legal Notice 152 of 1991.
