November 11, 1955
CBP MEMORANDUM
TO : All Banks, Insurance Companies, Members of the Manila Stock Exchange and Holders of Registered R & D Bonds
It is hereby announced, for the information and guidance of all concerned, that the transfer books covering registered R &-D bonds are closed against transfer or exchange of such bonds one month preceding the semi-annual interest payment dates, namely, June 1 and December 1. Interest is declared in favor of holders of registered bonds on record at the close of business on May 1 and November 1 (or a day or so earlier in certain cases). The transfer books are reopened for all purposes at the opening of business on June 2 and December 2, respectively.
Section 4-a(6) of Circular No. 28 (Revised), Regulations Governing Open Market Operations, Stabilization of the Securities Market, Issue, Servicing and Redemption of the Public Debt, governing the closing of transfer books, is hereunder quoted for ready reference;
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"(6) Closing of transfer books. — For the purpose of preparing interest checks, the books of the Securities Market Department,...
