MONDAY, MAY 1, 1978
TAX EXEMPTION RATE ON SAVINGS INTEREST RAISED
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A GOVERNMENT SPOKESMAN SAID TODAY THAT THE MAXIMUM RATE OF INTEREST PAYABLE BY THE GOVERNMENT AND LICENSED BANKS WHICH IS EXEMPTED FROM INTEREST TAX HAS BEEN RAISED FROM 1-3/4 PER CENT TO 2-1/4 PER CENT WITH EFFECT FROM TODAY (MONDAY).
THE EXCHANGE BANKS' ASSOCIATION ANNOUNCED ON APRIL 27 THAT THE RATE OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE RAISED ALSO WITH EFFECT FROM TODAY, AND THE INCREASE IN THE TAX EXEMPTION LIMIT FOLLOWS THAT CHANGE.
TRAFFIC ARRANGEMENTS IN SHA TIN AND KWUN TONG
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THE TRANSPORT DEPARTMENT ANNOUNCED TODAY THAT A NEW
SECTION OF TAI PO ROAD BETWEEN LION ROCK TUNNEL ROAD AND SHA TIN BYPASS ROAD WILL BE OPENED TO TRAFFIC FROM 10 A.M. ON WEDNESDAY (MAY 3).
WITH EFFECT FROM THE SAME TIME, AN URBAN CLEARWAY RESTRICTION WILL BE IMPOSED ON THE SAME SECTION OF TAI PO ROAD BETWEEN 7 A.M. AND MIDNIGHT DAILY.
ALL MOTOR VEHICLES EXCEPT FRANCHISED BUSES WILL BE PROHIBITED FROM PICKING UP OR SETTING DOWN PASSENGERS AND LOADING OR UNLOADING GOODS ALONG THIS SECTION OF TAI PO ROAD DURING THE RESTRICTED PERIOD.
THE DEPARTMENT ALSO ANNOUNCED THAT TING ON STREET BETWEEN TING FU STREET AND KWUN TONG ROAD IN KWUN TONG WILL BE CLOSED TO ALL VEHICULAR TRAFFIC, EXCEPT THOSE REQUIRING ACCESS TO THE STREET, BETWEEN 9 P.M. AND 6 A.M. DAILY FROM WEDNESDAY (MAY 3) TO SATURDAY (MAY 6) TO FACILITATE MTR CONSTRUCTION WORKS.
DURING THE CLOSURE PERIODS THE PRESENT ONE-WAY TRAFFIC FLOW IN THE NORTHBOUND DIRECTION IN TING ON STREET WILL BE SUSPENDED.
APPROPRIATE TRAFFIC SIGNS WILL BE SET UP IN THESE AREAS
TO ASSIST MOTORISTS.
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