3
FRIDAY, APRIL 11, 1980
HOWEVER INTEREST WILL CEASE TO ACCRUE AFTER 36 COMPLETED MONTHS IF A CERTIFICATE IS NOT SURRENDERED FOR PAYMENT OF TAX.
THE FOLLOWING IS AN EXAMPLE OF CALCULATION
$1 000 CERTIFICATES BOUGHT ON APRIL 14, 1980, MAY 14, 1980 AND JUNE 14, 1980 RESPECTIVELY, SURRENDERED IN PAYMENT OF TAX DUE ON JULY 16, 1980, WILL HAVE INTEREST CALCULATED AS FOLLOWS:-
ON $1 000, APRIL 14, 1980 TO JULY 16, 1980, 3 COMPLETE MONTHS AT $8.75 PER MONTH
ON $1 000, MAY 14, 1980 TO JULY 16, 1980,
2 COMPLETE MONTHS AT $8.75 PER MONTH
ON $1 000, JUNE 14, 1980 TO JULY 16, 1980,
1 COMPLETE MONTH AT $8.75 PER MONTH
- $26.25
- $17.50
- $ 8.75
INTEREST ACCRUED
$52.50
THE INTEREST ACCRUED IS ROUNDED OFF TO $53.00 IN ACCORDANCE WITH THE TAX RESERVE CERTIFICATES (FOURTH SERIES) RULES.
PLACES OF PUBLIC ENTERTAINMENT (AMENDMENT) BILL ******
THE PLACES OF PUBLIC ENTERTAINMENT (AMENDMENT) BILL 1980, DESIGNED TO MAKE IT CLEAR THAT A PLACE OF PUBLIC ENTERTAINMENT MAY BE LOCATED WITHIN A BUILDING USED ALSO FOR OTHER PURPOSES, WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL SHORTLY,
THE BILL ALSO AIMS TO ENSURE THAT THE CIRCUMSTANCES IN WHICH THIS IS DONE CAN BE REGULATED AND APPROPRIATE RESTRICTIONS AND CONDITIONS IMPOSED,
IF PASSED, IT WILL ENABLE REGULATIONS TO BE MADE TO PERMIT SMALL PLACES OF PUBLIC ENTERTAINMENT, INCLUDING THOSE COMMONLY KNOWN AS MINI-CINEMAS, IN BUILDINGS OF TWO OR MORE STOREYS SUBJECT TO APPROPRIATE RESTRICTIONS.
UNDER THE AMENDMENT REGULATIONS, SUCH IMPORTANT SAFETY MEASURES AS FIRE SERVICE INSTALLATIONS AND EQUIPMENT AS WELL AS VENTILATION IN AN ENCLOSURE FOR PROJECTING APPARATUS WILL HAVE TO BE PROVIDED TO THE SATISFACTION OF THE DIRECTOR OF FIRE SERVICES AND THE BUILDING AUTHORITY RESPECTIVELY.
A GOVERNMENT SPOKESMAN SAID: THE PRESENT REGULATIONS CAME INTO FORCE IN 1934 AND HAVE UNDERGONE LITTLE AMENDMENT SINCE THEIR ENACTMENT.
+THEY ARE IN MANY RESPECTS OBSOLETE AND DO NOT CATER FOR MODERN DEVELOPMENT TRENDS SUCH AS THE INTRODUCTION OF SMALL NEWS THEATRE' TYPE CINEMAS ABOVE GROUND FLOOR LEVEL IN MULTI-STOREY, NON-DOMESTIC OR COMPOSITE BUILDINGS,+
/THE SPOKESMAN