XN000022-1980-11-20 — Page 11

10

THURSDAY, NOVEMBER 20, 1980

THE FOLLOWING IS AN EXAMPLE OF INTEREST CALCULATION:

$1 000 CERTIFICATES BOUGHT ON 2.12.80, 2.1.81 AND 2.2.81 RESPECTIVELY, SURRENDERED IN PAYMENT OF TAX DUE ON 2.3.81

ON $1 000 (2.12.80 2.3.81)

3 COMPLETE MONTHS AT 38.20 PER MONTH

CN $1 000 (2.1.81

—

2.3.81)

2 COMPLETE MONTHS AT $8.20 PER MONTH

ON $1.000 (2.2.81

-

2.3.81)

3 24.60

$

16.40

$ 8.20

INTEREST ACCRUED

3 49.20

(ROUNDED TO $50)

1 COMPLETE MONTH AT $8.20 PER MONTH

FIRST KWAI CHUNG FESTIVAL ANNOUNCED

****

KWAI CHUNG DISTRICT OFFICER, MR FRED TING, APPEALED TODAY TO LOCAL PEOPLE TO GIVE THEIR FULL SUPPORT TO A FESTIVAL TO BE HELD IN THE DISTRICT SHORTLY,

MR TING WAS SPEAKING AT A PRESS CONFERENCE ANNOUNCING THE FESTIVAL WHICH WILL TAKE PLACE BETWEEN NOVEMBER 30 AND DECEMBER 14.

HE SAID THE IDEA OF A FESTIVAL HAD GROWN OUT OF A SERIES OF ESTATE DAYS HELD IN THE SIX DISTRICTS OF KWAI CHUNG FOR THE PAST THREE YEARS.

THEY HAD BEEN VERY WELL RECEIVED BY LOCAL RESIDENTS, BUT IT WAS FELT THAT A LARGER-SCALE FESTIVAL WOULD BE MORE EFFECTIVE AT ACHIEVING COMMUNITY BUILDING AND A GREATER SENSE OF IDENTITY WITH THE AREA AS IT WOULD BRING PEOPLE FROM ALL THE DISTRICTS TOGETHER.

+I HOPE THE NEW EVENT, BASED ON THE OLD, WILL GET MORE SUPPORT FROM KWAI CHUNG PEOPLE, MR TING SAID.

BECAUSE OF HE SAID KWAI CHUNG WAS A SPECIAL DISTRICT WHERE VARIOUS FACTORS, A SENSE OF BELONGING OR KNOWLEDGE OF THE DISTRICT HAD NOT BEEN VERY STRONG.

ON THE ONE HAND THERE WERE 100 000 INDUSTRIAL WORKERS, WHO ALTHOUGH NOT LIVING IN KWAI CHUNG PROBABLY REGARDED THEMSELVES AS A PART OF THE AREA. ON THE OTHER HAND, THE RESIDENTS WERE MOSTLY NEWCOMERS WHO BECAUSE OF VARIOUS GEOGRAPHICAL BARRIERS HAD FORMED THEMSELVES INTO SEVERAL SMALL AND SEPARATE COMMUNITIES.

+1 APPEAL TO ALL KWAI CHUNG PEOPLE TO GIVE THE FESTIVAL THE IR FULL SUPPORT. THEREEY HELPING TO DO AWAY WITH THE BARRIERS WHICH FOR ONE REASON OR ANOTHER HAVE EXISTED IN THE PAST AND PREVENTED A COMMUNITY FEELING FROM BEING FULLY ESTABLISHED, + MR TING SAID.

/THE FESTIVAL