ISSUE OF LM167,127 
7 % MALTA GOVERNMENT STOCK 2006 (IV) [ S.L.161.48 1
SUBSIDIARY LEGISLATION 161.48
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM167,127 7% MALTA 
GOVERNMENT STOCK 2006 (IV)
2nd July, 1996
LEGAL NOTICE 129 of 1996. 
Title .
Finance for the Issue of Lm167,127 7% Malta Government Stock
2006 (IV).
Mode of issuing 
stock.
2. The stock which is negotiable and free of duty on
documents shall be issued at the price of Lm100 per cent and shall
be allotted to the Foundation for Church Schools in multiples of
Lm100 on the 30th June, 1996.
Rate of interest and 
dates of payment.
3. Interest in full will be payable in arrear half-yearly on the
30th June and on the 30th December in every year during the
currency of the stock. The rate of interest shall be revised upon the
lapse of every period of two years, starting from the date of
emission of such stock, in such a way as to maintain it at 1% lower
than the normal maximum lending rate allowed at law, it being
understood that it cannot fall below 7%.
Payment of interest will be made by warrant, which will be sent
by post at the stockholder’s risk to the stockholder himself or to
any branch of any local bank, person or body of persons to whom
the stockholder has, by a request in writing, authorised the
Accountant General to issue such warrant. No warrant shall be paid
until the relative receipt has been duly signed and such receipt shall
be a full discharge to the Accountant General and the Government
for such payment. In cases where stock is registered in the names of
two or more persons as joint stockholders, the Accountant General
may make payment in the manner above mentioned to the person
whose name first appears in the register. A receipt for the payment
of interest given by one or two or more joint stockholders shall,
unless notice in writing to the contrary has been received by the
Accountant General from any other joint stockholder, be a full to
the Accountant General and the Government for the payment of
such interest.
Trading on an 
exchange.
Cap. 345.
4.  An application for the stock to be put on the official list
and for trading on a recognised stock exchange will be made in
terms of the Financial Markets Act. Such stock may be freely sold
to the public with the prior authorization of the Maltese Episcopal
Conference.
Rate of 
contribution to 
sinking fund. 
5. A half-yearly appropriation of not less than Lm1,500 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 within three years from the 30th June, 1996.
2 [ S.L.161.48
ISSUE OF LM167,127 
7 % MALTA GOVERNMENT STOCK 2006 (IV)
Charge on 
Government 
revenue and assets.
6. The stock and interest thereon will be a charge on the
general revenue and assets of the Government of Malta.
Redemption of 
stock.
7.  The stock shall be redeemed at a premium of 10% over the
nominal value on such date between the 1st January, 2006 and the
31st December, 2006 (both dates inclusive) as shall be determined
by the Accountant General and notified in the Government Gazette.
