MONDAY, AUGUST 22, 1994
11
A TOTAL OF 1,948 STUDENTS WITH THE MINIMUM SECONDARY 6 ENTRY REQUIREMENTS HAVE APPLIED FOR 257 PLACES LEFT OVER UNDER CENTRAL ALLOCATION AFTER THE FIRST FOUR STAGES IN THE ADMISSION PROCEDURE.
THE SPOKESMAN SAID SUCCESSFUL CANDIDATES SHOULD TAKE THEIR ALLOCATION SLIPS TO THEIR CHOSEN SCHOOLS FOR REGISTRATION BEFORE 3.30 PM TOMORROW.
HE REITERATED THAT A PLACE WAS ALLOCATED ON THE BASIS OF THE APPLICANT'S HKCEE RESULTS.
·
THE
SPOKESMAN SAID IF STUDENTS WERE STILL UNABLE TO SECURE A PLACE AFTER THE COMPLETION OF STAGE V THEY MIGHT BE ABLE TO GET A PLACE AT THE BEGINNING OF THE NEW SCHOOL YEAR BECAUSE SOME SUCCESSFUL STUDENTS MAY DECIDE NOT TO TAKE UP THEIR PLACES BY THAT TIME.
A LIST OF SCHOOLS WITH SECONDARY 6 PLACES WILL BE DISPLAYED AND UPDATED WEEKLY AT ALL DISTRICT EDUCATION OFFICES THROUGHOUT SEPTEMBER.
STUDENTS SHOULD APPLY TO THESE SCHOOLS DIRECT BUT ADMISSION WILL BE AT THE SCHOOLS' DISCRETION.
TAX RESERVE CERTIFICATES RAISE INTEREST
*
THE NEW ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL GO UP FROM 4.56% TO 5.04% (TAX FREE) FROM WEDNESDAY (AUGUST 24), A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID.
A LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL, SECRETARY HAS AUTHORISED THE INCREASE WAS GAZETTED TODAY (MONDAY).
STEPS.
INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY
THE NEW RATE WILL BE $0.42 PER MONTH PER $100.
**
INTEREST WILL BE CREDITED AS BEFORE IN RESPECT MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.
OF COMPLETE
"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," HE SAID.
THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER AUGUST 24.
CERTIFICATES WHICH WERE ISSUED BEFORE AUGUST 24 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:
7.56% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER
1991 AND BEFORE JULY 3, 1991;
MAY 29,
6.60%
PER
ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 3, 1991 AND BEFORE AUGUST 14, 1991;
6.00% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 14,
1991 AND BEFORE SEPTEMBER 18, 1991;
/5.52%