XN000022-1984-08-30 — Page 10

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THURSDAY, AUGUST 30, 1964

THE FINAL DATE FOR APPLICATIONS FOR A GRANT IN THE 1984/85 SCHOOL YEAR WILL BE SEPTEMBER 15, 1984. THIS MEANS THAT ANY NEW PUPIL JOINING A SCHOOL AFTER THAT DATE WILL NOT BE ELIGIBLE TO APPLY FOR THE GRANT THIS YEAR.

SCHOOLS MAY AWARD FULL OR HALF GRANTS BASED ON A POINTS SYSTEM SET OUT IN THE TEXTBOOKS ASSISTANCE RECKONER.

THE SPOKESMAN NOTED THAT SCHOOLS MAY AWARD GRANTS TO ELIGIBLE PUPILS NUMBERING UP TO 25 PER CENT OF THE IR TOTAL ENROLMENT. FOR SCHOOLS WITH BOUGHT PLACES, THE CEILING IS CALCULATED AT 25 PER CENT OF THE NUMBER OF BOUGHT PLACES IN THE CLASSES.

HE SAID HEADS OF SCHOOLS MAY, AT THEIR DISCRETION, AWARD FULL GRANTS OR HALF GRANTS FOR CASES OF EXCEPTIONAL FAMILY CIRCUMSTANCES INVOLVING HARDSHIP NOT COVERED BY THE RECKONER.

+THESE DISCRETIONARY GRANTS, HOWEVER, MUST BE WITHIN THE SCHOOL'S OVERALL 25 PER CENT ENTITLEMENT AND ARE SUBJECT TO AN OVERALL MAXIMUM NUMBER CALCULATED AT THE RATE OF THREE FULL GRANTS PER CLASS, + HE SAID.

THE SPOKESMAN ADDED THAT INDIVIDUAL SCHOOLS MAY IN EXCEPTIONAL CASES. SEEK APPROVAL FROM THE EDUCATION DEPARTMENT TO AWARD AN ADDITIONAL NUMBER OF GRANTS OVER THE 25 PER CENT CEILING.

PUPILS WHO WISH TO BENEFIT FROM THE SCHEME MUST APPLY THROUGH THE IR SCHOOLS USING THE STANDARD FORM, TO BE COMPLETED BY THE IR PARENTS OR GUARDIANS.

TAX CERTIFICATE INTEREST REDUCED

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FROM TOMORROW (FRIDAY), THE ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE REDUCED TO 9.6 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 10.8 PER CENT.

NOTICE OF THIS WILL APPEAR IN THE GOVERNMENT GAZETTE TOMORROW.

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.80 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 INLAND REVENUE DEPARTMENT EXPLAINED TODAY.

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, HE SAID.

/THE 12.

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