Development Loan Act

(CHAPTER 81)

(Original Enactment: Act 1 of 1983)

REVISED EDITION 1985

(30th March 1987)

An Act to authorise a sum of $15,000 million to be raised by way of loan for the purposes of the Development Fund.

[25th March 1983]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Development Loan Act.

Interpretation

2. In this Act, unless the context otherwise requires —

“advance deposits” means such deposits as are received under section 16(1);

“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 the provisions of this Act;

“local stock” means any stock issued in Singapore under this Act or under any of the written laws set out in the Schedule;

“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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