10
TUESDAY, MAY 24, 1994
INTEREST ON TAX RESERVE CERTIFICATES UP * * * * *
THE ANNUAL
RATE
OF INTEREST
TAX
RESERVE
PAYABLE ON (TAX FREE} AS AGAINST THE CURRENT RATE OF 3.84% (TAX FREE) FROM TOMORROW (WEDNESDAY).
CERTIFICATES WILL BE INCREASED TO 4.56%
A LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL AUTHORISED THE INCREASE WAS GAZETTED YESTERDAY (MONDAY).
SECRETARY HAS
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED STEPS AND THE NEW RATE WILL BE $0.38 PER MONTH PER $100.
IN BEFORE
RESPECT INTEREST WILL BE CREDITED AS MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.
IN MONTHLY
OF COMPLETE
ARE USED ΤΟ PAY CERTIFICATE
INTEREST WILL BE 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 MAY 25, 1994.
CERTIFICATES WHICH WERE ISSUED BEFORE MAY 25 WILL EARN INTEREST AS FOLLOWS:
AFTER
CONTINUE TO
8.04% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
APRIL 4, 1990 AND BEFORE AUGUST 15, 1990;
7.56%
7.08%
6.60%
7.56%
6.60%
6.00%
5.52%
5.04%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 15, 1990 AND BEFORE OCTOBER 24, 1990;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 24, 1990 AND BEFORE JANUARY 30, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 30, 1991 AND BEFORE MAY 29, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 29, 1991 AND BEFORE JULY 3, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 3, 1991 AND BEFORE AUGUST 14, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 14, 1991 AND BEFORE SEPTEMBER 18, 1991;
PER ANNUM FOR CERTIFICATES ISUED ON OR AFTER SEPTEMBER 18, 1991 AND BEFORE NOVEMBER 6, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 6, 1991 AND BEFORE MAY 6, 1992;
4.56%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 6, 1992 AND BEFORE MAY 27, 1992;
3.60%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 27, 1992 AND BEFORE JULY 8, 1992:
/3.00%