Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698072209537.pdf (Guyana)
Bill No.

22 of 1967 PUBLISHED 19TH OCTOBER, 1967 BILL NO.

22 OF 1967 TREASURY SA VIN GS CERTIFICATES AND SAVINGS BONDS (AMENDMENT) BILL, 1967 Arra:ngement of Sections Section 1.

2.

Sho1t title.

Amendment of Ordinance No.

12 of 1965.

SCHEDULE A BILL Intituled AN ACT to authorise the raising of loans by lhe issue of Savings Bonds.

Enacted of Guyana:- by the Parliament b .

d ' T Bonds (Amendment) .

.

ms ct may e cite as tne reasury 1 ( 1 ) 1-· .


A and Savings and read as one with the Treasury 1965, hereinafter to as the Principal referred ·Savings S .

C 'fi 9i.oJ1t titte avrngs ert11cates Act, 1967, and shall be construed Certificates Ordinanc Ordinance.

e, 1:�s.·12 ot A.D. 1967.


(2)As fr.om the commencement may be cited as the Treasury i 965, and section Bonds Ordinance, of this Act, the Principal Certificates Savings 1 of the Principal and Ordi­ laws wherein the last mentioned Ordinance is Ordinrunce Savings nance and all 01'hcr named shall have effect accordingly.

2.
2.

(1) The provisions the first column of the schedule manner set out in the second column of the Principal specified in ;;t&':ent Ordinance to this Act are hereby amended in the nance of the said schedule.

�65_12 ot Schedule of this Act any reference shall be deemed to include Ordinance as amended ( 2)As from the commencement in the Principal a reference by this Act.
Ordinance to certificates under the Principal to bonds issued SCHEDULE s.2 Section 2 Insert before "certificates" the definition the followi!ng n - ' ·'bonds" means the Savings definitio of Bonds authorised to be issued under this Ordinance;' for the words "of certificates" the words Savings Certificates or of Savings Section 3 Substitute .. of Treasury Bonds".

Section 7(2) Insert after the word "Administrations" the words "or the Bank of Guyana".
Section 8 The following section substituted - therefor ''.Exemption from incorr.e tax and capital gains t".lx.

th.at 8.The Minitster may, by order, in respect of any parti­ declare no income cular issue of certificates, gains tax shall be tax or capital chargeable or pre­ on any interest mium paid to the holder of any ,. '

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2 certificates accruing transaction gains or on any capital to him by reason of any of the,m: in respect Provided that no ordier shall apply to any under this section amount in excess of ten thousand dollars of certificates in respect by any person."

held EXPLANATORY MEMORANDUM The purposes of this Bill are to effect certain Certificates Ordinance, 1965, thereby Bonds.
These Bonds when issued amendments ro the -the to enabling will be subject of -thait Ordinance as amended and to the Regulations Savings Treasury issue of Savings the provisions made thereunder in respect of thpm.

P. A. REID, Minister of Finance.

(M.P.G 533 II) (Bill No.

22/1967) .. ·� ,.·· ,,.. - .... - \·