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Orders in Council Database

Order Details

Order Number:

OC2022-295

Order Date:

2022-12-15

Department:

Finance

Authority:

Financial Administration Act

Order Text:

Under the authority of section 38(2) of the Financial Administration Act, the

Lieutenant-Governor in Council hereby approves the creation of a sinking fund for

the Debentures of Series 7N, by payment annually on or before October 17 in each of

the years 2023 to 2054, inclusive, out of the Consolidated Revenue Fund of an amount

not less than one and one-half per cent (1.50%) of the aggregate principal amount of

Debentures of Series 7N outstanding on the date thereof.

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