XN000022-1975-02-27 — Page 3

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THURSDAY, FEBRUARY 27, 1975

FEB. 19/4

TO

FED. 1973

ΤΟ

INCREASE OR

JAN. 1975

JAN. 1974

DECREASE

$ MN.

$ MN.

$ MN.

DOMESTIC EXPORTS

22,651

20,156

+2,495 + 12.4

IMPORTS

34,093

29,579

+4,515

+ 15.3

RE-EXPORTS

7,064

6,743

+ 321

4.0

TAX-FREE INTEREST RATE REDUCED

******

THE RATE OF INTEREST PAYABLE BY LICENSED BANKS, AND ALSO BY THE GOVERNMENT AND CERTAIN PUBLIC UTILITY COMPANIES, WHICH IS EXERT FROM INTEREST TAX WILL BE REDUCED FROM 4-1/2 PER CENT TO 3-1/2 PER CENT PER ANNUM FROM SATURDAY (MARCH 1).

A GOVERNMENT SPOKESMAN SAID TODAY THAT THE EXCHANGE BANKO? ASSOCIATION HAS ALREADY ANNOUNCED A REDUCTION IN THE INTEREST RAT PAYABLE ON SAVINGS ACCOUNTS TO 3-1/2 PER CENT PER ANNUM FROM FA DATE. THE REDUCTION IN THE TAX EXEMPTION LIMIT SIMPLY FOLLOWS THE CHANGE.

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