3. Replacement of section 21A of the principal enactment

Section 21A of the principal enactment is hereby repealed and the following section substituted therefor :—

21A. (1)

Every Treasury Bond shall, on being issued, bind the government to pay the principal sum for which the Bond is issued and the interest thereon in accordance with the provisions of this Ordinance, at the rate and on the dates specified in the Order made in terms of section 4 or in pursuance of an option reserved in such Order to redeem such Bond :

“Treasury

Bonds.

Act, No. 2 of 2004

Provided that, if the day on which such payment falls due is a day on which the Central

Bank is not open for business, payment shall be made in accordance with the procedure as may be prescribed in that behalf.

Notwithstanding any other provisions of this Ordinance, treasury bonds may be issued either as bonds in the form of written certificates or as Scripless Treasury Bonds.”.