XN000022-1985-09-03 — Page 7

TUESDAY, SEPTEMBER 3, 1989

ON

6

INTEREST ON TAX RESERVE CERTIFICATES INCREASED

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FROM TOMORROW (WEDNESDAY) SEPTEMBER 4, THE NEW ANNUAL

RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE 3.36 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 2.76 PER CENT (TAX FREE),

AN INLAND REVENUE DEPARTMENT SPOKESMAN EXPLAINED TODAY THAT INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.28 PER MONTH PER $100. + INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX,+ HE SAID.

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 SEPTEMBER 4, 1985.

CERTIFICATES ISSUED BEFORE SEPTEMBER 4, 1985 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:

9.6%

8.52%

8.04%

7.56%

7.08%

6.6 %

5.52%

5.04%

4.56%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 31, 1984 AND BEFORE OCTOBER 5, 1984;

PER ANNUM FOR CERTIFICATES OCTOBER 5, 1984 AND BEFORE

ISSUED ON OR AFTER OCTOBER 31, 1984;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 31, 1984 AND BEFORE NOVEMBER 28, 1984; PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 28, 1984 AND BEFORE DECEMBER 28, 1984; PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 28, 1984 AND BEFORE JANUARY 16, 1985; PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 16, 1985 AND BEFORE JANUARY 30, 1985; PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 30, 1985 AND BEFORE APRIL 3, 1985;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 3, 1985 AND BEFORE APRIL 24, 1985;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 24, 1985 AND BEFORE MAY 22, 1985;

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