XN000022-1988-07-26 — Page 16

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15

TUESDAY, JULY 26, 1988

INTEREST ON TAX RESERVE CERTIFICATES

* *

YESTERDAY

FINANCIAL PAYABLE

THE GOVERNMENT GAZETTE PUBLISHED

(MONDAY) JULY 25 CONTAINS A LEGAL NOTICE TO THE EFFECT

THE THAT SECRETARY HAS AUTHORISED AN INCREASE IN THE RATE OF INTEREST ON TAX RESERVE CERTIFICATES.

AS FROM TOMORROW (WEDNESDAY), THE NEW ANNUAL RATE OF WILL BE 5.76 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE PER CENT (TAX FREE).

INTEREST

OF 5.28

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY

MONTH PER STEPS AND THE NEW RATE WILL BE $0.48 PER

$100. INTEREST

IN WILL BE CREDITED AS BEFORE

RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

ARE INTEREST IS ONLY CREDITED WHEN CERTIFICATES TAX AND NO INTEREST IS DUE WHERE THE PRINCIPAL VALUE OF A IS REPAID BY A CHEQUE.

USED TO

CERTIFICATE

PAY

THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR JULY 27, 1988.

AFTER

CERTIFICATES WHICH

WERE ISSUED

BEFORE JULY

27.

1988 WILL

3.36%

FOR

CONTINUE TO EARN INTEREST AS FOLLOWS-

PER ANNUM

ON ISSUED APRIL 9, 1987 AND BEFORE JUNE 4, 1987;

CERTIFICATES

OR

AFTER

3.84%

PER ANNUM FOR CERTIFICATES ISSUED ON JUNE 4, 1987 AND BEFORE JUNE 24, 1987;

OR

AFTER

4.32%

PER ANNUM FOR CERTIFICATES ISSUED ON JUNE 24, 1987 AND BEFORE OCTOBER 14, 1987;

OR

AFTER

5.28%

ANNUM FOR PER

ON ISSUED OCTOBER 14, 1987 AND BEFORE OCTOBER 28,

CERTIFICATES

OR

AFTER

1987;

4.32%

3.24%

ANNUM

FOR

3.00%

2.04%

PER ANNUM FOR CERTIFICATES ISSUED OCTOBER 28, 1987 AND BEFORE OCTOBER 30,

PER

CERTIFICATES ISSUED OCTOBER 30, 1987 AND BEFORE DECEMBER 2,

PER ANNUM FOR CERTIFICATES ISSUED DECEMBER 2, 1987 AND BEFORE DECEMBER 9,

PER ANNUM FOR CERTIFICATES ISSUED DECEMBER 9 1987 AND BEFORE FEBRUARY 20,

ON OR 1987;

AFTER

ON

OR

AFTER

1987;

ON

OR

AFTER

1987;

ON OR 1988;

AFTER

/2.76%