Loan (Local) Act 1957 s 10

s 10 Interest

(1) The interest upon the principal moneys represented by any stock issued under this Act shall be paid half-yearly at the office of the Treasury. (2) The Minister shall in each half-year 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 such half-year may be paid from it.

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Find Act 648 on lom.agc.gov.my ↗

Text as at 30 March 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).

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