Section 30Part 7 — Conversions Of Loans, Etc. Into Securities
Power of Governor in Council to authorise conversion of loans generally
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The Governor in Council may —
from time to time, declare that any debentures, loans or other securities of the Government issued under any law for the time being in force are convertible, at the option of the holders thereof, into registered securities on such terms as it may from time to time determine; or
authorise the creation and issue under this Law of registered securities —
in exchange for debentures issued under any law for the time being in force; or
in order to raise money for the redemption of any outstanding loans, whether issued before or after the 28th January, 2003.
Any conversion authorised under this section may be effected either by arrangement with the holders of existing securities, by the purchase thereof out of moneys raised by the sale of registered securities or partly in one way and partly in the other.