XN000022-1984-03-22 — Page 6

THURSDAY, MARCH 22, 1984

5

INTEREST ON TAX RESERVE CERTIFICATES DECREASED

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AS FROM TOMORROW (FRIDAY) THE NEW ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE 5.16 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 7.8 PER CENT (TAX FREE).

NOTICE OF THIS WILL BE PUBLISHED IN THE GOVERNMENT GAZETTE TOMORROW.

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE 43 CENTS PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETED MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX, A SPOKESMAN FOR THE DEPARTMENT EXPLAINED.

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.

THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER MARCH 23, 1984.

CERTIFICATES WHICH WERE ISSUED BEFORE MARCH 23, 1984 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:

PER CENT

9.84

13.2

14.4

12

10.8

9

7.8

10.2

12

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 21, 1980 AND BEFORE JULY 31, 1981;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 31, 1981 AND BEFORE OCTOBER 16, 1981;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 16, 1981 AND BEFORE DECEMBER 4, 1981;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 4, 1981 AND BEFORE JUNE 4, 1982;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 4, 1982 AND BEFORE AUGUST 27, 1982;

PER ANNUM FOR CERTIFICATES AUGUST 27, 1982 AND BEFORE

ISSUED ON OR AFTER DECEMBER 3, 1982;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 3, 1982 AND BEFORE MAY 27, 1983;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 27, 1983 AND BEFORE OCTOBER 28, 1983;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 28, 1983 AND BEFORE NOVEMBER 7, 1983;

19.6