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TUESDAY, JANUARY 29, 1985
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 1 FEB. 1985,
1 MAR. 1985 AND 1 APR, 1985 RESPECTIVELY, SURRENDER IN PAYMENT OF TAX DUE ON 30 APR. 1985 WILL HAVE INTEREST CALCULATED AS FOLLOWS:
ON $1 000, 1 FEB. 1985 TO 30 APR. 1985 3 COMPLETE MONTHS AT $4.60 PER MONTH
ON $1 000, 1 MAR. 1985 TO 30 APR. 1985 2 COMPLETE MONTHS AT $4.60 PER MONTH
ON $1 000, 1 APR. 1985 TO 30 APR. 1985
1 COMPLETE MONTH AT $4.60 PER MONTH
$13.80
$ 9.20
$ 4.60
$27.60
FROM CATTIES TO KILOS ***
VEGETABLE WHOLESALERS FROM FANLING LUEN WO HUI AND SHEUNG SHUI MARKETS ATTENDED A METRICATION SEMINAR AT THE FANLING DISTRICT OFFICE TODAY.
THE SEMINAR WAS ORGANISED BY THE METRICATION COMMITTEE, TO PROMOTE THE USE OF THE METRIC SCALE IN THE VEGETABLE TRADE.
THE SEMINAR CHAIRMAN, MR IP YEUK-LAM SAID, IN THE NEAR FUTURE, KILOGRAMS WILL BE USED IN VEGETABLE SALES INSTEAD OF CATTIES AND TAELS.+
ONE KILOGRAM IS EQUAL TO 1.65 CATTIES OR 26.5 TAELS.
HE SAID THAT THE METRICATION OF THE VEGETABLE TRADE WOULD BE THE BEGINNING OF A THREE-PHASED METRICATION PROGRAMME IN MARKETS, WITH THE MEAT AND DRY GOODS TRADES FOLLOWING.
THE VEGETABLE TRADE WAS CHOSEN FIRST BECAUSE TRANSACTIONS WERE USUALLY CONDUCTED IN BULK, AND VEGETABLES IMPORTED FROM CHINA WERE ALREADY IN METRIC UNITS, HE SAID.
+WHOLESALERS WILL, THEREFORE, FIND THE CHANGE-OVER BOTH FEASIBLE AND CONVENIENT, HE SAID.
HE FELT THAT ONCE WHOLESALERS ADOPTED THE METRIC SYSTEM, RETAILERS WOULD FOLLOW.
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