ISSUE OF LM1,000,000 7% 
LOCAL DEVELOPMENT REGISTERED STOCK 2000/01 ġ S.L.161.07 1
SUBSIDIARY LEGISLATION 161.07
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM1,000,000 7% LOCAL 
DEVELOPMENT REGISTERED STOCK 2000/01
SECOND ISSUE
23rd April, 1991
LEGAL NOTICE 52 of 1991.
Title .
Finance for the issue of Lm1,000,000 7% Local Development
Registered Stock 2000/01.
Mode of issuing 
stock.
2.  The stock shall be issued at the price of Lm102 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, 29th April, 1991 at 9.00 a.m. and shall close at
12.00 noon on Saturday, the 11th May, 1991 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
Lm1,000,000.
Rate of interest and 
dates of payment.
4. Interest shall be payable in arrear half-yearly on the 11th
day of May and the 11th day of November of every year during the
currency of the stock. The first payment of Lm3.50,0 per Lm100
stock covering the period from the 12th day of May, 1991 to the
11th day of November, 1991, shall be made on the 11th day of
November, 1991.
Rate of 
contribution to 
sinking fund.
5.  A half-yearly appropriation of not less than Lm10,000 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 12th day of May, 1991.
Redemption of 
stock.
6. The stock shall be redeemed at the rate of Lm100 for every
Lm100 stock on such date between the 1st day of January, 2000 and
the 31st day of December, 2001 (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.
