7
TUESDAY, AUGUST 8, 1989
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE 90.57 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 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
TOMORROW.
CERTIFICATES WHICH WERE ISSUED BEFORE TOMORROW WILL CONTINUE TO EARN INTEREST AS FOLLOWS:
2.76 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 20, 1988 AND BEFORE APRIL 13, 1988:
3.36 PER CENT
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 AFTER MAY 1988 AND BEFORE JUNE 16, 1988;
11.
4.8 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 1988 AND BEFORE JUNE 29, 1988;
16,
5.28 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 1988 AND BEFORE JULY 27, 1988;
29,
5.76 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 27, 1988 AND BEFORE AUGUST 17, 1988;
6.36 PER CENT
6.84 PER CENT
7.32 PER CENT
7.80 PER CENT
8.28 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 17, 1988 AND BEFORE DECEMBER 7. 1988;
PER ANNUM FOR CERTIFICATES 199UED ON OR AFTER DECEMBER 7, 1988 AND BEFORE FEBRUARY 15, 1989:
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 15, 1989 AND BEFORE MARCH 8, 1989;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 1989 AND BEFORE MARCH 22, 1989;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 22, 1989 AND BEFORE JUNE 22, 1989;
7.80 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 22, 1989 AND BEFORE JULY 12, 1989: AND
7.32 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1989 AND BEFORE AUGUST 9, 1989.
12,
/BUT ALWAYS