Government Securities (Amendment) Bill

Bill No. 44/1995

Read the first time on 5th December 1995.
An Act to amend the Government Securities Act (Chapter 121A of the 1993 Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
Short title and commencement
1.  This Act may be cited as the Government Securities (Amendment) Act 1995 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
Amendment of section 3
2.  Section 3(1) of the Government Securities Act (referred to in this Act as the principal Act) is amended by inserting, immediately after paragraph (a), the following paragraph:
(aa)all sums representing the proceeds of loans raised under the Local Treasury Bills Act [Cap. 167] on or after the commencement of the Local Treasury Bills (Amendment) Act 1995;”.
Amendment of section 5
3.  Section 5 of the principal Act is amended by deleting the words “and any other written law” in the fourth line of paragraph (b) and substituting the words “, under the Local Treasury Bills Act on or after the commencement of the Local Treasury Bills (Amendment) Act 1995, and under any other written law”.
Amendment of section 6
4.  Section 6 of the principal Act is amended by deleting the word “or” at the end of paragraph (a), and by inserting immediately thereafter the following paragraph:
(aa)to repay any principal sum payable on any Treasury Bill or book-entry Treasury Bill issued under the Local Treasury Bills Act [Cap. 167] on or after the commencement of the Local Treasury Bills (Amendment) Act 1995; or”.