TUESL APRIL 23. 1985

+AS FOR DOUBLETONS, NEW FLATS AND EXISTING CASUAL VACANCIES WILL BE USED.+

THE SPOKESMAN SAID THAT IN 1985-86, THERE WOULD BE ALTOGETHER 38 300 FLATS BECOMING AVAILABLE FOR ALLOCATION, TAKING INTO ACCOUNT ANTICIPATED CASUAL VACANCIES.

HE SAID THE TAKE-UP OF THE VARIOUS QUOTAS WOULD BE REGULARLY REVIEWED AND ADJUSTMENTS COULD BE MADE IN THE LIGHT OF CHANGING NEEDS.

LIQUOR LICENSING BOARD TO CONSIDER TWO APPLICATIONS

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THE URBAN COUNCIL'S LIQUOR LICENSING BOARD WILL HOLD ITS MONTHLY MEETING TOMORROW (WEDNESDAY) AT THE COUNCIL CHAMBERS TO CONSIDER TWO APPLICATIONS.

ONE IS FROM THE POLICE FOR REVOCATION OF THE LIQUOR LICENCE OF GOOD WORLD NIGHT CLUB IN JORDAN ROAD, AND THE OTHER IS FOR THE ISSUE OF A LIQUOR LICENCE BY ANGUS GRILL ROOM LOUNGE AT TAK SHING STREET, YAU MA TEI.

THE MEETING WILL BE PRESIDED BY THE BOARD CHAIRMAN, MR PETER C.K. CHAN.

TAX RESERVE INTEREST CUT

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AS FROM TOMORROW (WEDNESDAY), THE NEW ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE 4.56 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 5.04 PER CENT (TAX FREE).

NOTICE OF THIS WAS PUBLISHED YESTERDAY (MONDAY) IN THE GOVERNMENT GAZETTE.

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.38 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.

/INTEREST IS

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