ISSUE OF LM10,000,000 6.75% 
LOCAL DEVELOPMENT REGISTERED STOCK 2000 [ S.L.161.02 1
SUBSIDIARY LEGISLATION 161.02
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM10,000,000 6.75% LOCAL 
DEVELOPMENT REGISTERED STOCK 2000
16th November, 1990
LEGAL NOTICE 191 of 1990.
Title.
Finance for the issue of Lm10,000,000 6.75% Local Development
Registered Stock 2000.
Mode of issuing 
stock.
2. The stock shall be issued at the price of Lm100 per cent
and shall be allotted by application. The stock, when fully paid,
shall be registered. Applications for the allotment of stock shall
open on Monday, 19th November, 1990 at 9.00 a.m. and shall close
at 12.00 noon on the 1st December, 1990 or earlier at the discretion
of the Accountant General.
Sum of money to 
be raised.
3.  The sum of money to be raised by the stock shall be
Lm10,000,000.
Rate of interest and 
dates of payment.
4.   Interest shall be payable in arrear half-yearly on the 1st day
of June and the 1st day of December of every year during the
currency of the stock. The first payment of Lm3.75,5 per Lm100
stock covering the period from the 2nd day of December, 1990 to
the 1st day of June, 1991, shall be made on the 1st day of June,
1991.
Rate of 
contribution to 
sinking fund.
5. A half-yearly appropriation of not less than Lm100,000 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 2nd day of December, 1990.
Redemption of 
stock.
6. The stock shall be redeemed at par on such date between
the 1st day of January, 2000 and the 31st day of December, 2000
(both dates inclusive) as shall be determined by the Accountant
General and notified in the Gazette. Stock shall be redeemed only
on the surrender of the stock certificate issued.
