Loan (Local) Act 1959 s 9

s 9 Payment of interest

(1) The interest upon the principal moneys represented by stock issued under this Act shall be paid half yearly in the manner provided under subsection 8a(5) or 8b(4), as may be applicable. (2) The Minister shall in each half-yearly period ending with the day on which interest on stock issued under this Act falls due, appropriate out of the Consolidated Fund a sum equal to one half-year’s interest on the whole of the stock so issued in order that the interest for the half-year may be paid from it.

Read this section in the full act → · Open Part III →

Find Act 637 on lom.agc.gov.my ↗

Text as at 1 June 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

What to look at next

Loan (Local) Act 1959, full textChapter navigation and full text, so you can read this section in contextMalaysia legislation Malaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Part III — PROVISIONS APPLICABLE TO ISSUE AND TRANSFER OF STOCK — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections