Estate Duty Act
Estate Duty Exemptions — Asian Dollar Bonds — (Consolidation) Notification
G.N. No. S 370/1990
REVISED EDITION 1990
(1st April 1993)
The Minister for Finance has approved the following Asian Dollar Bonds for exemption from estate duty:
1. The Bank Bumi Daya U.S. $70,000,000 Floating Rate Notes due 1995.
2. The India Development Bonds (“IDBs”) 5 Years U.S. Dollar/Pound Sterling denominated repatriable Bank Instruments.
3. The US$62,500,000 First Mortgage Floating Rate Notes due 1997 and S$55,000,000 5.25 per cent. First Mortgage Bonds due 1997 issued by the First Capital Corporation Ltd. with 81,643,478 Warrants to subscribe for 81,643,478 new Ordinary Shares of S$1 each in the Capital of First Capital Corporation.