6
TUESDAY, JANUARY 15, 1025
BUT ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES TO ACCRUE AFTER 36 COMPLETED MONTHS WITHOUT SURRENDER FOR PAYMENT OF TAX.
EXAMPLE: $1 000 CERTIFICATES PURCHASED ON 16 JANUARY 1985,
16 FEBRUARY 1985 AND 16 MARCH 1985 RESPECTIVELY, SURRENDER IN PAYMENT OF TAX DUE ON 15 APRIL 1985 WILL HAVE INTEREST CALCULATED AS FOLLOWS:
ON $1 000, 16 JANUARY 1985 TO 15 APRIL 1985
3 COMPLÉTE MONTHS AT $5.50 PER MONTH
$16.50
ON $1 000, 16 FEBRUARY 1985 TO 15 APRIL 1985
2 COMPLÈTE MONTHS AT $5.50 PER MONTH
$11.20
ON $1 000, 16 MARCH 1985 TO 15 APRIL 1985
1 COMPLÉTE MONTH AT $5.50 PER MONTH
$ 5.50
$33.00
QUOTA PAPER BRINGS IN 56 REPLIES
****
THE TRADE DEPARTMENT HAD RECEIVED 56 RESPONSES TO THE CONSULTATIVE PAPER ON PROPOSED CHANGES TO TEXTILE QUOTA TRANSFER RULES UP TO 5 PM YESTERDAY (MONDAY), THE ASSISTANT DIRECTOR OF TRADE, MR CHARLES CHEUNG SAID TODAY.
+ IT IS UNDERSTOOD THAT A NUMBER OF OTHER RESPONSES ARE ON THE WAY TO THE DEPARTMENT, HE SAID.
+THERE IS A WIDE RANGE OF COMMENTS AND SUGGESTIONS IN THESE RESPONSES.
+ALL RESPONSES RECEIVED ARE BEING STUDIED BY THE DEPARTMENT WITH A VIEW TO THE FORMULATION OF PROPOSALS FOR THE ADVICE CF THE TEXTILES ADVISORY BOARD IN DUE COURSE.+