Singapore legislation
Section 3
of Government Loans (Conversion and Miscellaneous Provisions) Act
Section 3
Conversion of Bonds to Stock
From the commencement of this Act the Straits Settlements Government Debenture Bonds set out in the first column of the Schedule shall be converted to equal nominal amounts of Government Registered Stock as shown in the second column of the Schedule and holders of such Straits Settlements Government Debenture Bonds shall now be entitled to nominal amounts of the appropriate Government Registered Stock equivalent to and in exchange for their holdings of Straits Settlements Government Debenture Bonds.