Title: Prospectus ... Local Loans (General development) Act, 1970 (no. 7 of 1970)
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 Material Information
Title: Prospectus ... Local Loans (General development) Act, 1970 (no. 7 of 1970)
Physical Description: Archival
Language: English
Creator: Dominica. Ministry of Finance.
Publisher: Dominica. Ministry of Finance.
Publication Date: 1970
 Subjects
Subject: Caribbean   ( lcsh )
Spatial Coverage: Caribbean
 Record Information
Bibliographic ID: UF00072696
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

Full Text





PROSPECTUS

The List of Applications will be opened at 9.00 a.m. on 15th December, 1970 and will
remain open until the full amount of the issue is subscribed or until further notice.

GOVERNMENT OF DOMINICA
710/ DEBENTURES 1980 1982
ISSUE OF $2,500,000 E.C.

Authorized under the Local Loans (General Development) Act 1970 (No. 7 of 1970)

Interest payable on 1st January and 1st July of each year

PRICE OF ISSUE 97',

1. The loan which is being raised under the authority of the Local Loans (General
Development) Act, 1970, (No. 7 of 1970) will be issued under the provisions of the
General Local Loans Act 1969 (No. 4 of 1969)

2. The loan is being raised for the purpose of financing development projects.

3. Each debenture may be for a sum of $50, $100, $250, $500, $1,000, $2,500 or
$5,000. Every debenture and coupon and the right to receive the principal and
interest represented thereby will be transferable by delivery. Every debenture will,
before being issued, be registered at the Office of the Accountant General.

4. The loan and the interest therein, the property of persons not resident in
Dominica, will not be subject to any income taxes levied by the Government of
Dominica.
Interest will be payable half-yearly on 1st January and 1st July of each year.
The first payment will be on 1st July, 1971.

5. The debentures will be repayable at par on the 31st December, 1982. The
Government of Dominica will have the option of redemption on or after 31st Decem-
ber, 1980, by giving six months notice by advertisement in the Official Gazette and
one local newspaper circulating in Dominica. The loan is secured on the general
revenues and assets of the Government of Dominica.

6. For its redemption, a sinking fund will be formed and half-yearly contribu-
tions to the Fund will be at the rate of not less than one per cent per annum of the
amount of the loan, commencing not later than 1st January, 1972. Contributions
to the sinking fund may be increased and will be discontinued only if it is considered
that the value of the Fund will be sufficient with further accumulations of interest to
enable the Debentures to be redeemed out of the proceeds of the Sinking Fund when
they fall due.









7. The Public Debt of Dominica at 31st December, 1969 was $2,175,101.51.
The nominal value of sinking funds at the same date was $570,456.55.

8. Applications in the prescribed form must be addressed to the Financial
Secretary, Ministry of Finance, Government Headquarters, Roseau. Payment may
be made on or after allotment, and must be made not later than the first day of the
month following that in which the allotment is made. Interest on such amounts
will accrue from and including the first day of the month following that in which the
allotment is made.

9. Cheques should be made payable to the Accountant General and may be
drawn on any Commercial Bank operating in Dominica. They should be crossed.

10. A commission of I of 1 % will be allowed to banks or stock brokers on allot-
ments made in respect of applications bearing their stamp.

11. Prospectuses and application forms may be obtained from the Accountant
General's Office, Sub-Treasuries and the Commercial Banks.

Ministry of Finance,
November, 1970.








A application N o.................................

GOVERNMENT OF DOMINICA
74% DEBENTURES, 1980-1982
ISSUE OF $2,500,000 E.C.

Authorised under the Local Loans (General Development) Act, 1970, (No. 7 of 1970)

To the

I/W e hereby apply for.............................................. ........................................

.......................................................... ..................................... d o lla rs ($ ................................)

of the Dominica Government 74% debentures 1980-1982 as shown hereunder,

according to the Prospectus dated.......................................... ................ and I/W e
undertake to accept the same or any less amount allowed to me/us, and to pay for the
same in conformity with the terms of the said Prospectus in full.

........................ Debentures of the numerical value of $ 50

........................ do do do $ 100

....................... do do do $ 250

........................ do do do $ 500

........................ do do do $1,000

........................ do do do $2,500

....................... do do do $5,000

Total Nominal Value $


The Debentures should be registered in the name of.......................... ................



(a) I/We declare that I/We am/are resident in the Scheduled Territories,
and that.I/We make this application not as the nominee of anyone not
so resident

O ordinary Signature..........................................................
3









(b) N am e in full ...................................................................

A address ........ ........ .... ................ .............. ........................ ... ...

D ate .. .... .... .... .... .... .... .... ... ..................................... .......

(a) To be deleted when this declaration cannot be made, in which case lodgement
should be made by a bank or other Authorised Depository.

(b) Surname first followed by Christian Name(s) all in block letters.

NOTE: Payment in full may be made on or after allotment.




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