TUESDAY, MARCH 21, 1989
19
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.69 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.
INTEREST IS ONLY CREDITED WILN CERTIFICATES ARE USED то 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 MARCH 22 THIS YEAR.
CERTIFICATES WHICH WERE ISSUED BEFORE MARCH TO EARN INTEREST AS FOLLOWS:
3.24 PER CENT
3.00 PER CENT
2.04 PER CENT
2.76 PER CENT
3.36 PER CENT
22 WILL CONTINUE
OR AFTER
PER ANNUM FOR CERTIFICATES ISSUED ON OCTOBER 30, 1987 AND BEFORE DECEMBER 2, 1987;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 2, 1987 AND BEFORE DECEMBER 9, 1987;
1
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 9, 1987 AND BEFORE FEBRUARY 20, 1988;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 20, 1988 AND BEFORE APRIL 13, 1988;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 13, 1988 AND BEFORE MAY 11, 1988;
4.32 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR MAY 11, 1988 AND BEFORE JUNE 16, 1988;
AFTER
4.8
PER CENT
5.28 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR JUNE 16, 1988 AND BEFORE JUNE 29, 1988;
PER ANNUM FOR CERTIFICATES ISSUED ON OR JUNE 29, 1988 AND BEFORE JULY 27, 1988;
AFTER
AFTER
5.76 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR JULY 27, 1988 AND BEFORE AUGUST 17, 1988;
AFTER
6.36 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 17, 1988 AND BEFORE DECEMBER 7, 1988;
6.84 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 7, 1988 AND BEFORE FEBRUARY 15, 1989;
7.32 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON FEBRUARY 15, 1989 AND BEFORE MARCH 8, 1989;
OR
AFTER
7.80 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON MARCH 8, 1989 AND BEFORE MARCH 22,
OR 1989.
AFTER
/BUT ALWAYS
Page 20Page 21