3.00%
3.84%
11
TUESDAY, MAY 24, 1994
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 8, 1992 AND BEFORE MARCH 30, 1994; AND
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
1994. MARCH 30, 1994 AND BEFORE MARCH 25,
AFTER
ΤΟ THE GENERAL RULE THAT INTEREST THEY ARE ALWAYS SUBJECT
MONTHS
FOR 36 COMPLETE
WITHOUT SURRENDER CEASES TO ACCRUE PAYMENT OF TAX.
FOR EXAMPLE:
TAX
ON DUF
$1,000 CERTIFICATES PURCHASED ON MAY 25, 1994, JUNE
SURRENDERED 1994 AND JULY 25, 1994 RESPECTIVELY, PAYMENT OF
WILL
25,
IN
AUGUST
24.
1994
HAVE
INTEREST CALCULATED AS FOLLOWS: -
ON $1,000, MAY 25, 1994 TO AUGUST 24, 1994 THREE COMPLETE MONTHS AT $3.80 PER MONTH
ON $1,000, JUNE 25, 1994 TO AUGUST 24, 1994 TWO COMPLETE MONTHS AT $3.80 PER MONTH
ON $1,000, JULY 25, 1994 TO AUGUST 24, 1994 ONE COMPLETE MONTH AT $3.80 PER MONTH
=$11.40
$7.60
= $3.80
$22.80
LANGUAGE FUND COMMITTEE HOLDS FIRST MEETING
THE
EDUCATION,
MR
W
TODAY WONG, LANGUAGE FUND
DIRECTOR OF
DOMINIC CHAIRMAN AND MEMBERS OF THE (TUESDAY) THANKED THE
"A VERY IMPORTANT AND MEANINGFUL ADVISORY COMMITTEE FOR TAKING UP APPOINTMENT" AS ADVISERS TO HONG KONG'S $300 MILLION LANGUAGE FUND.
MEMBERS
PROFESSOR ROSIE YOUNG THE COMMITTEE INCLUDED AND REPRESENTATIVES FROM THE
MR WONG IS THE TRUSTEE OF THE FUND AND
TO APPOINTED THE CHAIRMAN. OTHER
EXPERTS, EDUCATIONALISTS, LANGUAGE COMMERCIAL AND INDUSTRIAL SECTORS.
MEETING OF THE NEWLY FORMED ADDRESSING THE FIRST
ADVISORY HAVF BEEN ABLE COMMITTFE TODAY, MR WONG SAID: "WE ARE PRIVILEGED TO
AND EXPERT KNOWLEDGE IN DIFFERENT TO DRAW ON YOUR RICH EXPERIENCE
AND THEIR LANGUAGES ENGLISH
FIELDS, DAY-TO-DAY APPLICATION.
INCLUDING
THE CHINESE AND
WHO HAS
TO PROFESSOR ROSIE YOUNG WE ARE GREATLY INDEBTED GENEROUSLY CONSENTED TO BE THE CHAIRMAN OF THE ADVISORY COMMITTEE.
/"WITH HER
+