XN000022-1988-12-06 — Page 12

TUESDAY, DECEMBER 6, 1988

11

INTEREST ON TAX RESERVE CERTIFICATES REVISED

*

A GOVERNMENT GAZETTE EXTRAORDINARY PUBLISHED YESTERDAY (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 TOMORROW (WEDNESDAY), THE NEW ANNUAL RATE OF WILL BE 6.84 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE PER CENT (TAX FREE).

INTEREST 6.36

OF

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.57 PER MONTH PER $100. INTEREST WILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

INTEREST IS ONLY CREDITED WHEN CERTIFICATES ARB 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

TOMORROW.

CONTINUE

CERTIFICATES WHICH WERE ISSUED BEFORE TOMORROW WILL TO EARN INTEREST AS FOLLOWS:

4.32 PER CENT

5.28 PER CENT

4.32 PER CENT

3.24 PER CENT

3.00 PER CENT

2.04 PER CENT

2.76 PER CENT

3.36 PER CENT

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

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 14, 1987 AND BEFORE OCTOBER 28, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 28, 1987 AND BEFORE OCTOBER 30, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 30, 1987 AND BEFORE DECEMBER 2, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 2, 1987 AND BEFORE DECEMBER 9, 1987;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 9, 1987 AND BEFORE FEBRUARY 20, 1988;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 20, 1988 AND BEFORE APRIL 13, 1988;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 13, 1988 AND BEFORE MAY 11, 1988;

/4.32 PER CENT