TUESDAY, SEPTEMBER 9, 1980.
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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 5-1/2 PER CENT PER ANNUM WILL BE EXEMPT FROM INTEREST TAX FROM TODAY, A GOVERNMENT SPOKESMAN ANNOUNCED.
THIS REPRESENTS AN INCREASE OF 1/2 PER CENT IN THE EXEMPTION LIMIT, AND FOLLOWS THE ANNOUNCEMENT BY THE EXCHANGE BANKS ASSOCIATION ON SATURDAY THAT THE RATE OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE INCREASED TO 5-1/2 PER CENT WITH EFFECT FROM TODAY.
A NOTICE SIGNED BY THE FINANCIAL SECRETARY UNDER SECTION 28(1) OF THE INLAND REVENUE ORDINANCE IS PUBLISHED IN AN EXTRAORDINARY ISSUE OF THE GOVERNMENT GAZETTE.
METRICATION CAMPAIGN FINDS STUDENT SUPPORTERS
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THE METRICATION COMMITTEE, EDUCATION DEPARTMENT AND MOBIL OIL HONG KONG LIMITED WILL JOIN HANDS IN THE COMING MONTHS TO PROMOTE METRIC AWARENESS AMONG STUDENTS.
THE PLAN WAS DISCLOSED BY PROFESSOR S.Y. KING, CHAIRMAN OF THE METRICATION COMMITTEE IN A PRESS CONFERENCE TODAY.
A 30-MINUTE TELEVISION PROGRAMME AIMED AT ENCOURAGING THE PUBLIC TO ADOPT METRIC UNITS WAS SCREENED IN JULY THIS YEAR AND WAS RECORDED BY MOST SCHOOLS FOR FUTURE REFERENCE.
+OWING TO THE FAVOURABLE RESPONSE TO THIS PROGRAMME, WE PLAN TO ORGANISE A METRIC QUIZ FOR ALL FORM 4 AND 5 PUPILS AS A MEANS OF PROMOTING METRIC AWARENESS, SAID PROF KING.
+THE REASON FOR FORM 4 AND 5 STUDENTS TO BE SELECTED FOR THIS QUIZ IS THAT MOST OF THEM WILL BE SERVING THE SOCIETY IN A FEW YEARS' TIME AND IT IS APPROPRIATE TO ENCOURAGE THEM TO USE THE METRIC UNITS FOR THE BENEFIT OF OUR SOCIETY, HE ADDED.
THE +METRIC QUIZ+ TO BE CONDUCTED ON NOVEMBER 27 BY THE METRICATION COMMITTEE AND THE ADVISORY INSPECTORATE OF THE EDUCATION DEPARTMENT IS SPONSORED BY THE MOBIL OIL HONG KONG LIMITED. MORE THAN 200 000 STUDENTS ARE EXPECTED TO TAKE PART. MOBIL IS THE FIRST PRIVATE COMPANY IN THE COMMERCIAL SECTOR TO SPONSOR THE COMMITTEE'S PROMOTION EFFORTS.
THE QUIZ WILL CONSIST OF 20 MULTIPLE CHOICE QUESTIONS ON SUJECTS RELATED TO THE DAILY LIFE OR STUDIES OF THE STUDENTS AND THOSE WHO SCORE SATISFACTORY RESULTS WILL BE AWARDED A SLIDE RULE WITH METRIC CONVERSIONS. THESE PRIZES, 20 000 IN ALL, ARE DONATED BY THE MOBIL OIL HONG KONG LIMITED AS A GESTURE OF SUPPORT TO THE METRICATION CAMPAIGN.
/A SEMINAR