S.L. 269.1 Art. 9Valuation of pledges.

(1) No loan shall be advanced by Il-Monti as will exceed three-fourths of the value of the gold or silver content of the relative pledge, plus one half of the value of any diamonds, pearls, or other precious stones encrusted therein.

(2) Values for the purposes of subregulation (1) shall be determined by the Commissioner whose decision on the matter shall be final.