22
WEDNESDAY, OCTOBER 28, 1987
DTC'S REGISTRATION REVOKED
OF
THE COMMISSIONER OF BANKING ANNOUNCED THAT THE REGISTRATION
A DEPOSIT-TAKING COMPANY HAS BEEN AGIFEL INTERNATIONAL LIMITED AS
ON OCTOBER 27. 1987 AT ITS OWN REVOKED AT THE CLOSE OF BUSINESS REQUEST UNDER SECTION 31(2) OF THE BANKING ORDINANCE.
INTEREST ON TAX RESERVÉ CERTIFICATES REDUCED
THE RATE
TO
THE
THE FINANCIAL SECRETARY HAS AUTHORISED A DECREASE IN
RESERVE
ACCORDING CERTIFICATES, OF INTEREST PAYABLE ON TAX GOVERNMENT GAZETTE PUBLISHED TODAY (WEDNESDAY).
OF
INTEREST
OF
4.32
AS FROM OCTOBER 30 THIS YEAR, THE NEW ANNUAL RATE WILL BE 3.24 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE PER CENT (TAX FREE}.
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED
PER MONTH PER $100. STEPS AND THE NEW RATE WILL BE $0.27
IN
OF RESPECT
COMPLETE MONTHS WILL BE CREDITED AS BEFORE PURCHASE AND SURRENDER IN PAYMENT OF TAX.
IN
MONTHLY INTEREST BETWEEN
ARE USED TO PAY CERTIFICATE
INTEREST IS ONLY CREDITED WHEN CERTIFICATES TAX AND NO INTEREST IS DUE WHERE THE PRINCIPAL VALUE OF A IS REPAID BY A CHEQUE.
THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR OCTOBER 30 THIS YEAR.
AFTER
CERTIFICATES WHICH WERE ISSUED BEFORE OCTOBER 30 THIS YEAR WILL CONTINUE TO EARN INTEREST AS FOLLOWS: -
3.36%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1985 AND BEFORE JULY 23, 1985;
17,
2.76%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1985 AND BEFORE SEPTEMBER 4 1985;
23,
3.36%
PER
CERTIFICATES
ISSUED
ON
OR
AFTER
4.32%
ANNUM FOR SEPTEMBER 4, 1985 AND BEFORE APRIL 3, 1986;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 1986 AND BEFORE MAY 14, 1986;
/4.08%
3,