14
THURSDAY, MAY 15,
''THIS WAS ONE OF OUR SHORTEST YET BEST TRIPS,
IT WAS THE BAND'S EIGHTH AMBASSADORIAL TOUR SINCE 1977.
SAID MR WOUD.
MEANWHILE, THE BANDSMEN AND RIBBON DANCERS HAVE ANOTHER TWO MONTHS OF FRANTIC PREPARATION BEFORE THEY HEAD OFF FOR
SAN FRANCISCO AND VANCOUVER IN JULY. THIS WILL BE FOR CATHAY'S INAUGURAL DIRECT FLIGHT TO SAN FRANCISCO AND THE HONG KONG DAY AT EXPO 86.
INTEREST ON TAX RESERVE CERTIFICATES REVISED *****
THE NEW ANNUAL RATE OF INTEREST FOR TAX RESERVE CERTIFICATES WILL NOW BE 4.08 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 4.32 PER CENT (TAX FREE).
NOTICE OF THIS WAS PUBLISHED IN AN EXTRAORDINARY ISSUE
OF THE GAZETTE PUBLISHED ON MONDAY (MAY 12).
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.34 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID.
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 MAY 14, 1986.
CERTIFICATES WHICH WERE ISSUED BEFORE MAY 14, 1986 WILL CONTINUE TO EARN INTEREST AS FOLLOWS
8.04%
7.56%
7.08%
6.60%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 31, 1984 AND BEFORE NOVEMBER 28, 1984;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 28, 1984 AND BEFORE DECEMBER 28, 19841
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 28, 1984 AND BEFORE JANUARY 16, 1985;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 16, 1985 AND BEFORE JANUARY 30, 1985;
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