22
MONDAY, JANUARY 28, 1991
7.08 PER CENT
8.04 PER CENT
7.56 PER CENT
7.08 PER CENT
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 7, 1990 AND BEFORE APRIL 4, 1990;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 4, 1990 AND BEFORE AUGUST 15, 1990;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
AUGUST 15, 1990 AND BEFORE OCTOBER 24. 1990;
AND
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 24, 1990 AND BEFORE JANUARY 30, 1991
BUT THEY ARE ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES TO ACCRUE AFTER 36 COMPLETE MONTHS WITHOUT SURRENDER FOR PAYMENT OF TAX. FOR EXAMPLE:
$1,000 CERTIFICATES PURCHASED ON FEBRUARY 2, 1991, MARCH 2, 1991 AND APRIL 2, 1991 RESPECTIVELY, SURRENDER IN PAYMENT OF TAX DUE ON MAY 1, 1991 WILL HAVE INTEREST CALCULATED AS FOLLOWS:-
ON $1,000, FEBRUARY 2, 1991 TO MAY 1, 1991 3 COMPLETE MONTHS AT $5.50 PER MONTH
ON $1,000, MARCH 2, 1991 TO MAY 1, 1991 2 COMPLETE MONTHS AT $5.50 PER MONTH
= $16.50
ON $1,000, APRIL 2, 1991 TO MAY 1, 1991 1 COMPLETE MONTH AT $5.50 PER MONTH
= $11.00
$5.50
$33.00