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Orders in Council Database

Order Details

Order Number:

OC2025-142

Order Date:

2025-05-19

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 Debenture of Series 7R, maturing June 2, 2030, by payment annually on or before

December 2 in each of the years 2025 to 2029, 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 7R outstanding on the date

thereof.

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