MONDAY, DECEMBER 7, 1981
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 10 PER CENT PER ANNUM WILL BE EXEMPT FROM INTEREST TAX FROM TODAY (MONDAY), A GOVERNMENT SPOKESMAN ANNOUNCED.
HE SAID THAT THIS REPRESENTS A REDUCTION OF 1 PER CENT IN THE EXEMPTION LIMIT, AND FOLLOWS THE ANNOUNCEMENT BY THE HONG KONG ASSOCIATION OF BANKS ON FRIDAY THAT THE RATES OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE REDUCED TO 10 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 TODAY.
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MORE REFUSE COLLECTION POINTS FOR NT
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FOUR NEW REFUSE COLLECTION POINTS WILL BE BUILT SHORTLY IN SHA TIN, TSUEN WAN AND SAI KUNG TO IMPROVE REFUSE COLLECTION SERVICES AND THE ENVIRONMENT IN THE NEW TERRITORIES.
TENDERS FOR THE PROJECTS ARE BEING INVITED BY THE ARCHITECTURAL
OFFICE OF THE BUILDING DEVELOPMENT DEPARTMENT.
TWO OF THE REFUSE COLLECTION POINTS ARE LOCATED AT FO TAN, SHA TIN NEW TOWN, THE THIRD IS LOCATED AT TA CHUEN PING STREET, KWAI CHUNG AND THE FOURTH AT TUI MIN HOI, SAI KUNG.
WORK ON THE PROJECTS WILL START IN JANUARY AND BE COMPLETED IN THE MIDDLE OF NEXT YEAR.
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