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THURSDAY, DECEMBER 27, 1984
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.59 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETED MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID TODAY.
INTEREST IS ONLY CREDITED WHEN CERTIFICATES ARE USED TO PAY TAX AND NO INTEREST IS DUE WHERE THE PRINCIPAL VALUE OF A CERTIFICATE IS REPAID BY A CHEQUE.
THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER DECEMBER 28, 1984.
CERTIFICATES WHICH WERE ISSUED BEFORE DECEMBER 28, 1984 WILL CONTINUE TO EARN INTEREST AS FOLLOW:
10.2 PER CENT
12 PER CENT
9.6 PER CENT
7.8 PER CENT
5.16 PER CENT
8.4 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 27, 1983 AND BEFORE OCTOBER 28, 1983;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 28, 1983 AND BEFORE NOVEMBER 7, 1983;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 7, 1983 AND BEFORE FEBRUARY 10, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 10, 1984 AND BEFORE MARCH 23, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 23, 1984 AND BEFORE MAY 18, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 18, 1984 AND BEFORE JULY 6, 1984;
10.08 PER CENT PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
JULY 6, 1984 AND BEFORE JULY 13, 1984;
12.84 PER CENT PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
JULY 13, 1984 AND BEFORE AUGUST 10, 1984;
10.8 PER CENT
9.6 PER CENT
8.52 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 10, 1984 AND BEFORE AUGUST 31, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 31, 1984 AND BEFORE OCTOBER 5, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 5, 1984 AND BEFORE OCTOBER 31, 1984;
/8.04 PER CENT