†lusert fuman
of L
Reverse of foral
INSTRUCTIONS.
Delete Paragraph I or II according to circumstances, complete the remaining paragraph and SIGN the form in the space provided below.
1. FOR USE WHEN THE CERTIFICATE IS TENDERED IN
PAYMENT OF †
I,
TAX.
"-་ས་
being the
holder named in this Certidcate, request that the principal sum (or BO much thereof as is required), together with any interest payable be applied in or towards payment of †
Tax which is payable by me as shown on the accompanying documents of demand; and the balance (if any) to be refunded to me,
II.
FOR USE WHEN THE CERTIFICATE IS NOT TENDERED IN PAYMENT OF TAX.
Received the sum of $
Signed
Dete
By Command,
Colonial Secretary.
23rd December, 1955-
1,
being the holder named in this Certifloate request that the sum of dollars
being the whole of the principal sum be repaid to me.
Signature
Date
+
FOR OFFICIAL USE ONLY.
Signature of holder checked by
Date of issue
Date Redeemed
Gross Principal & Interest
Applied D/N
Refunded
Number of Intervening Amount of
Months
#
Interest
Explanatory Nole.
(This Note in mot part of the rules, but is intended to indicate their general purport).
Tax Reserve Certificates of fixed denominations of $96.00 and $960.00 will be issued by the Commissioner of Inland Ravenue and may be purchased at his office and at authorized banks. The certificates and the conditions attached thereto will be standard in form. (See rulea E and 3).
2. Rule 4 provides for the acceptance of the certificates in appropriate denominations and the interest accrued thereon in payment of specified taxes. The rate of simple interest is 5/24 per cent per month for every completed month commencing from the first day of the month following the date of issue to the first day of the month in which the certificates are accepted for payment of tax which means that interest accumulates at 20 cents or $2.00 per month on the two types of certificates. «(See rule 51 It will, no doubt, be observed that interest will not be allowed on certificaten unless they are tendered in payment of tax, and that interest will not be paid for more than thirty-six months. Interest earned will be free of tax by virtue of the proviso to section 25 of the Inland Revenue Ordinance, Cap. 112.
$ Any balance due on a certificate after payment of tax will be refunded (rule 8), and a holder of a certificate may at any time demand repayment of the principal value without interest (Sse rule 7). Certificates or the obligations created thereby are not transferable except by order of a Court of competent jurisdiction. (See rule 8).
(Secretariat 3/2306/54)
Skrof.
Accountant,