← belizelaw.ai · Public Loans, Cap. 81 · PART III — Raising of Loans by Issue of Stock

Mode of providing for the payment of interest on stock

Cap. 81, s. 27 · Revised Edition 2020

So long as any of the stock remains unredeemed, the Minister shall, in each half-year ending with the day on which the interest on the stock falls due, appropriate out of the Consolidated Revenue Fund and assets of Belize a sum equal to one half-year’s interest on the whole of the stock, and shall remit that sum to the Crown Agents at such time as will enable them to pay there out the then current half-year’s interest on the day when it falls due.

Amended by: 40 of 1963

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