CONVERSION OF LM2,000,000 6.25% LOCAL DEVELOPMENT 
REGISTERED STOCK 1993-1994 INTO LM2,000,000 6.5% 
MALTA GOVERNMENT STOCK (CONVERSION) 2001 [ S.L.161.41 1
SUBSIDIARY LEGISLATION 161.41
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION OF LM2,000,000 6.25% LOCAL 
DEVELOPMENT REGISTERED STOCK 1993-1994 
INTO LM2,000,000 6.5% MALTA GOVERNMENT 
STOCK (CONVERSION) 2001
17th June, 1994
LEGAL NOTICE 69 of 1994.
Title .
Finance for the Conversion of Lm2,000,000 6.25% Local
Development Registered Stock 1993-1994 into Lm2,000,000 6.5%
Malta Government Stock (Conversion) 2001.
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 6.25% Local Development
Registered Stock 1993-1994 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 6.5% Malta Government Stock
(Conversion) 2001 will be received at the Treasury
between 8.00 a.m. on Monday the 4th July, 1994 and
12 noon on Friday the 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
Lm2,000,000.
Rate of 
contribution to 
Sinking Fund.
5. On conversion date, the balance of Lm2,000,000 standing
to the credit of Sinking Fund 6.25% Local Development Registered
Stock 1993-1994 will be transferred to Sinking Fund 6.5% Malta
Government Stock (Conversion) 2001.
Rate of interest and 
dates of payment.
6.   Interest shall be payable in arrear half-yearly on the 15th of
July and the 15th of January in every year during the currency of
the stock. The first payment of Lm3.25c 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.
Redemption of 
stock.
7.  The stock shall be redeemed at par on 15th January, 2001.
