9
FRIDAY, JUNE 27, 1980
THE FOLLOWING IS AN EXAMPLE OF INTEREST CALCULATION1
$1 000 CERTIFICATES BOUGHT ON 2.7.80, 2.8.80 AND 2.9.80 RESPECTIVELY SURRENDERED IN PAYMENT OF TAX DUE ON 2.10.80.
ON $1.000 (2.7.80 - 2.10.80)
3 COMPLETE MONTHS AT. $6 PER MONTH
$18
ON $1 000 (2.8.80 - 2.10.80)
2 COMPLETE MONTHS AT $6 PER MONTH
$12
ON $1 000 (2.9.80 - 2.10.80)
1 COMPLETE MONTH AT $6 PER MONTH
$ 6
INTEREST ACCRUED
$36
SEVEN MODEL WORKERS ELECTED IN TSUEN WAN
*****
SEVEN TSUEN WAN FACTORY WORKERS HAVE BEEN ELECTED 'MODEL WORKERS' THANKS TO THEIR OUTSTANDING WORK PERFORMANCE AND GOOD RELATIONSHIP WITH THEIR COLLEAGUES.
THEY WILL BE PRESENTED WITH GOLD MEDALS AND $2 000 CASH PRIZES DURING A SPECIAL POPULAR SONG CONCERT, ON JULY 25, AT THE TSUEN WAN TOWN HALL.
THE COMPETITION IS PART OF THE MODEL WORKERS' AWARD SCHEME ORGANISED BY THE INDUSTRIAL SUB-COMMITTEE OF THE TSUEN WAN DISTRICT ADVISORY BOARD.
MORE THAN $40 000 WERE DONATED BY INDUSTRIALISTS IN THE DISTRICT TO SUPPORT THE SCHEME, WHICH AIMS TO PROMOTE JOB ENTHUSIASM AND A HAPPY WORKING ENVIRONMENT AMONG WORKERS.
ENTRY TO THE COMPETITION WAS OPEN TO ALL FACTORY WORKERS IN THE KWAI CHUNG, TSUEN WAN AND TSING YI ISLAND AREA. THE ONLY CONDITION BEING THAT THEY HAD BEEN IN THE IR PRESENT EMPLOYMENT FOR AT LEAST FIVE YEARS.
ADJUDICATION WAS BASED ON THE WORKERS' PARTICIPATION IN ACTIVITIES ORGANISED BY THEIR FACTORIES, THEIR CONDUCT, LEADERSHIP QUALITIES, RELATIONSHIP WITH FELLOW WORKERS, KNOWLEDGE OF LABOUR LEGISLATION, THEIR WORK PERFORMANCE AND PERSONAL INTEGRITY.
IN FEBRUARY, LETTERS WERE SENT TO THE MANAGEMENTS OF SOME
2 000 FACTORIES IN THE DISTRICT, INVITING NOMINATIONS.
THE MANY RECOMMENDATIONS SUBMITTED BY FACTORY OWNERS AND MANAGEMENTS WERE REVIEWED, AND 25 FINALISTS WERE INTERVIEWED BY MEMBERS OF THE INDUSTRIAL SUB-COMMITTEE.
/THE SEVEN
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