XN000022-1987-10-12 — Page 9

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MONDAY, OCTOBER 12, 1987

HONG

APPLICATIONS CAN BE SUBMITTED FROM TUESDAY, OCTOBER 27, BY THE KONG SPONSORS IN PERSON TO THE IMMIGRATION DEPARTMENT,

61 MODY ROAD, TSIM SHA TSUI EAST, KOWLOON.

ANYONE WISHING ΤΟ MAKE ENQUIRIES ABOUT THIS ENTRY SCHEME MAY TELEPHONE THE DEPARTMENT'S INFORMATION OFFICE AT 3-7333126.

HIGHER INTEREST ON TAX RESERVE CERTIFICATES

* * * * *

THE GOVERNMENT GAZETTE PUBLISHED TODAY (MONDAY) CONTAINS A LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL SECRETARY HAS AUTHORISED AN INCREASE IN THE RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES. AS FROM OCTOBER 14, 1987, THE NEW ANNUAL INTEREST WILL BE 5.28 PER CENT (TAX FREE) AS AGAINST THE RATE OF 4.32 PER CENT (TAX FREE).

RATE OF CURRENT

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.44 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

PAY

INTEREST IS ONLY CREDITED WHEN CERTIFICATES ARE USED ΤΟ 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 OCTOBER 14, 1987.

CERTIFICATES WHICH WERE ISSUED BEFORE OCTOBER 14, 1987 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:-

4.08%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 22, 1985 AND BEFORE JUNE 27, 1985;

3.60%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 1985 AND BEFORE JULY 17, 1985;

27,

3.36%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1985 AND BEFORE JULY 23, 1985;

17,

2.76%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1985 AND BEFORE SEPTEMBER 4,

23,

1985;

/3.36%