Cap. 222 Art. 4Issue of bonds.

(1) Where the issue of bonds has been authorised in accordance with article 3, it shall be lawful for the Bank, subject to the provisions of this Act and of any regulations made thereunder and under and in accordance with such directions as the Minister may give, to issue, promote and administer bonds for and on behalf of the Government.

(2) Any one issue authorised as aforesaid shall remain open for subscription until such date as the Minister may determine by notice published in the Gazette not later than one month before such date or until it has been fully subscribed, whichever is the earlier event.

(3) Applications for the purchase of bonds shall be lodged with the Bank or with such agents as may be appointed by the Bank.