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MONDAY, JUNE 23, 1980
GUIDE TO SHIPMASTERS UPDATED
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AN UPDATED BILINGUAL EDITION OF THE SHIPMASTERS GUIDE HAS JUST BEEN PUBLISHED AND IS NOW ON SALE.
THE BOOKLET HAS BEEN EXPANDED TO INCORPORATE RELEVANT EXTRACTS OF THE INTER-GOVERNMENTAL MARITIME CONSULTATIVE ORGANIZATION (IMCO) STANDARD MARINE VOCABULARY TO BE USED IN VHF RADIO TELECOMMUNICATIONS.
ALSO ADDED TO THE NEW EDITION IS A SECTION RELATING TO SEARCH AND RESCUE OPERATIONS.
THE PUBLICATION IS INTENDED TO PROVIDE MASTERS OF VESSELS CALLING AT HONG KONG WITH INFORMATION ON SUBJECTS OF PARTICULAR LOCAL MARITIME CONCERN OR APPLICATION, AND INCLUDES ADVICE ON PROCEDURES TO BE ADOPTED DURING THE PASSAGE OF TROPICAL CYCLONES.
IT IS AVAILABLE AT $7 A COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE ON THE GROUND FLOOR OF THE GPO BUILDING IN CONNAUGHT PLACE, AND FROM THE ENQUIRY COUNTER OF THE MARINE DEPARTMENT IN CONNAUGHT ROAD CENTRAL.
TAX EXEMPTION ON INTEREST EARNED
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INTEREST PAYABLE BY LICENSED BANKS, BY CERTAIN PUBLIC UTILITIES AND BY THE GOVERNMENT AT RATES OF UP TO 6-1/2 PER CENT PER ANNUM WILL BE EXEMPT FROM INTEREST TAX FROM TODAY (JUNE 23).
A GOVERNMENT SPOKESMAN SAID THIS REPRESENTED A REDUCTION OF ONE PER CENT IN THE EXEMPTION LIMIT, AND FOLLOWED THE ANNOUNCEMENT BY THE EXCHANGE BANKS' ASSOCIATION ON SATURDAY THAT THE RATE OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE REDUCED TO 6-1/2 PER CENT WITH EFFECT FROM TODAY.
HE POINTED OUT THAT THE REDUCED RATE OF EXEMPTION APPLIED TO INTEREST ON ALL TIME DEPOSITS PAID ON AND AFTER TODAY.
INTEREST AT A RATE ABOVE 6-1/2 PER CENT ON ANY SUCH TIME DEPOSIT WILL NOT BE EXEMPTED FROM INTEREST TAX, EVEN THOUGH THE RATE OF
INTEREST MAY HAVE BEEN BELOW THE EXEMPTION CEILING IN FORCE AT THE TIME WHEN THE DEPOSIT WAS PLACED, HE SAID.
A NOTICE SIGNED BY THE ACTING FINANCIAL SECRETARY UNDER SECTION 28 (1) OF THE INLAND REVENUE ORDINANCE WAS PUBLISHED IN AN EXTRAORDINARY ISSUE OF THE GOVERNMENT GAZETTE TODAY.
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