XN000022-1981-07-21 — Page 9

8

TUESDAY, JULY 21, 1981

PUBLIC HELP SOUGHT FOR MISSING PLANE PARTS

*****

THE ACCIDENT INVESTIGATION SECTION OF THE CIVIL AVIATION DEPARTMENT IS TRYING TO RETRIEVE TWO MISSING TURBINE DISCS WHICH BECAME DETACHED FROM AN ENGINE OF AN A 300 AIRBUS AIRCRAFT ABOUT TO TAKE OFF FROM KAI TAK RUNWAY AT ABOUT 4.30 PM ON JULY 3, 1981.

A LOUD BANG WAS HEARD AND SOME PARTS OF THE LEFT SIDE ENGINE OF THE AIRCRAFT DROPPED, MOST OF THEM ON TO THE RUNWAY AND THE SURROUNDING GRASS AREA. BUT TWO LARGE PIECES, BELIEVED TO BE THE TURBINE DISCS, MAY HAVE ROLLED INTO KOWLOON BAY ON THE SOUTH WESTERN SIDE (KOWLOON CITY) OF THE RUNWAY.

ROYAL NAVY DIVERS HAVE SO FAR FAILED TO LOCATE THE LOST PIECES AS NO LOCATION COULD BE PINPOINTED. IT IS BELIEVED THAT A NUMBER OF PEOPLE AT THE KOWLOON CITY FERRY PIER AND ALONG THE WATER FRONT IN THE VICINITY MIGHT HAVE SEEN THE INCIDENT.

ANYONE WHO WITNESSED THE INCIDENT AND CAN GIVE SOME IDEA OF THE LOCATION OF THE MISSING PARTS SHOULD CONTACT THE ACCIDENT

INVESTIGATION SECTION OF THE DEPARTMENT BY TELEPHONING 5-282424 EXT. 23 OR WRITING TO THE CIVIL AVIATION DEPARTMENT, NEW RODNEY BLOCK NO. 99 QUEENSWAY, HONG KONG.

TAX EXEMPTION ON INTEREST RAISED TO 12 PER CENT

****

+

INTEREST PAYABLE BY LICENSED BANKS, BY CERTAIN PUBLIC UTILITIES AND BY THE GOVERNMENT AT RATES OF UP TO 12 PER CENT PER ANNUM WILL BE EXEMPTED FROM INTEREST TAX FROM TODAY (TUESDAY), A GOVERNMENT SPOKESMAN ANNOUNCED.

HE SAID THIS REPRESENTS AN INCREASE OF ONE PER CENT IN THE EXEMPTION LIMIT AND FOLLOWS THE ANNOUNCEMENT BY THE HONG KONG ASSOCIATION OF BANKS ON FRIDAY THAT THE RATE OF INTEREST PAYABLE ON SAVINGS ACCOUNTS WOULD BE SIMILARLY RAISED TO 12 PER CENT ALSO WITH EFFECT FROM TODAY.

SECTION 28 OF THE INLAND REVENUE ORDINANCE HAS TODAY BEEN AMENDED, BY A PUBLIC REVENUE PROTECTION ORDER SIGNED THIS MORNING BY HE THE ACTING GOVERNOR, TO RAISE FROM 11 PER CENT TO 12 PER CENT THE CEILING ON THE POWER OF THE FINANCIAL SECRETARY TO

INCREASE THE RATE UP TO WHICH INTEREST IS EXEMPTED FROM INTEREST TAX.

THE PUBLIC REVENUE PROTECTION ORDER, AND THE NOTICE SIGNED BY THE FINANCIAL SECRETARY, ARE PUBLISHED IN AN EXTRAORDINARY GAZETTE TODAY.

19