Development Loan (1987) Act

(CHAPTER 81A)

(Original Enactment: Act 9 of 1987)

REVISED EDITION 1988

(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

¹Note: See also the Development Loan Act (Cap. 81).

[10th April 1987]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Development Loan (1987) Act.

Interpretation

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.

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