Cap. 575 Art. 33Power of the Minister to exercise certain powers.

The Minister shall have the power and authority to exercise, from time to time, the following powers or any of them as may be desirable for the sound and efficient management of public debt:

(a) to authorise the early redemption, in full or in part, securities issued either before or after the commencement of this Act, subject to any contrary provision in the respective prospectus;

(b) to authorise the conversion of any existing security under the terms and conditions of any other securities issued as a result of the conversion;

(c) to authorise any arrangement for conducting operations with respect to buy-back or exchange of existing securities.