TUESDAY, AUGUST 16, 1988
7
THE SCOPE OF WORK OF THE SECTION INCLUDED THE
IMPROVEMENT TO OR CONSTRUCTION OF FOOTPATH, MINOR ROADS, BRIDGES AND CARPARKS: PIPELINES, IRRIGATION CHANNELS AND STANDPIPES; STREAM EMBANKMENTS. DRAINAGE, SEAWALLS AND PIERS; AND PLAYGROUNDS AND RELATED EQUIPMENT, VILLAGE SQUARES, RAIN SHELTERS AND PARKS.
FUNDS WERE MAINLY PROVIDED BY THE DISTRICT OFFICE, HE ADDED.
OTHER PROJECTS BEING CARRIED OUT BY THR WORKS SECTION CONSISTED OF MINOR ENVIRONMENTAL IMPROVEMENT PROJECTS, SQUATTER AREA IMPROVEMENT PROJECTS AND ENVIRONMENTAL HYGIENE FACILITIES WITH FUNDS ALLOCATED BY THE DISTRICT BOARD AND REGIONAL SERVICES DEPARTMENT.
THIS YEAR, THE DISTRICT OFFICE HAS EARMARKED $1.38 MILLION FOR VARIOUS LPW'8 AND WORKS COMPLETED SINCE APRIL INCLUDE THE CONSTRUCTION OF AN OPEN CHANNEL AT SO KWUN WAT AND A FOOTPATH AT FU TEI CHUNG TUSEN AS WELL AS THE RE-CONSTRUCTION OF A VAN TRACK AT LUNG KWU TAN.
IN ADDITION, NUMEROUS PROJECTS IN DIFFERENT IN PROGRESS OR IN THE PIPELINE.
AREAS ARR
ALSO
AS FOR TODAY'S VISIT, MR WAN WENT TO TAI LAM CHUNG. LUNG KWU TAN, SIU HANG SUN TSUEN, NAI WAI, LAM TEI AND TSENG TAU CHUNG TSUEN WHERE THERE ARE PROJECTS INVOLVING THE BUILDING OR REPAIRING OF OPEN CHANNELS, VAN TRACKS, DRAINS, FOOTPATHS, FOOTBRIDGES AND RAMPS WITH RAILING.
INTEREST ON TAX RESERVE CERTIFICATES
A
THE GOVERNMENT GAZETTE PUBLISHED YESTERDAY (MONDAY) CONTAINS LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL SECRETARY HAS AUTHORISED AN INCREASE IN THE RATE OF INTEREST PAYABLE ON TAX CERTIFICATES.
AS FROM TOMORROW (WEDNESDAY), THE NEW ANNUAL RATE OF WILL BE 6.36 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE PER CENT (TAX FREE).
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN STEPS AND THE NEW RATE WILL BE $0.53 PER MONTH PER $100. WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE PURCHASE AND SURRENDER IN PAYMENT OF TAX.
MONTHS
RESERVE
INTEREST
5.76
OF
MONTHLY INTEREST BETWEEN
/INTEREST IS