Cap. 575 Art. 39Transitional provisions. Repeal and saving. Cap. 133. Cap. 161. Cap. 213. Cap. 229. 14 [CAP.

(1) (a) Subject to the provisions of sub-article (2), upon the entry into force of this Act, the Malta Treasury Bills Act,

Local Loans (Registered Stocks and Securities) Ordinance and

Development Loan Acts, and all subsidiary legislation made under such Acts and Ordinance, shall be repealed.

(b) Any reference to the Local Loans (Registered Stock and Securities) Ordinance in the Ecclesiastical Entities (Properties) Act shall AND MANAGEMENT OF PUBLIC DEBT 575.

be read and construed as a reference to this Act.

(2) The powers, rights and obligations of the Government in respect of loans entered into and debt securities issued in pursuance to the laws and regulations which are repealed under sub-article (1)(a), shall continue to apply and the loan agreements entered into and terms and conditions of debt securities issued prior to the coming into force of this Act shall remain in force.

Part IV

Government Guarantees

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