Development Loan (1987) Act

(Original Enactment: Act 9 of 1987)

(30th April 1988)
An Act to authorise a sum of $35,000 million to be raised by way of loan for the purposes of the Development Fund.1
1  Note: See also the Development Loan Act (Cap. 81).
[10th April 1987]
Short title
1.  This Act may be cited as the Development Loan (1987) Act.
2.  In this Act, unless the context otherwise requires —
“advance deposits” means such deposits as are received under section 21;
“Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act [Cap. 186];
“bearer bond” means a bearer bond issued under this Act;
“book-entry Government security” means any stock or bond issued in Singapore under Part IV in the form of an entry on the records of the Authority;
“local stock” means any stock or book-entry Government security issued in Singapore under this Act or any stock issued under any of the written laws set out in the Schedule;
“regulations” means regulations made under this Act and, in relation to any particular issue of stock, bearer bonds or book-entry Government securities, includes any notification in the Gazette varying such regulations in relation to that issue;
“trustee stock” means any of the securities mentioned in any written law for the time being in force relating to trustees.