Loan (Local) Act 1961 s 3

s 3 Power to raise loan

(1) The Minister may from time to time raise, by the issue of stock in the manner provided in this Act, such sums of moneys as he may determine, provided that the total amount of such stock issued and not redeemed shall not exceed the sum of one hundred million ringgit at any one time. (2) The loan hereby authorized shall be raised in Malaysia by the issue of registered stock under Part III. (3) All stock issued under this Act shall be redeemable within a period not exceeding five years from the date of issue.

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Find Act 650 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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