XN000022-1989-07-11 — Page 19

18

TUESDAY, JULY 11, 1989

CYC MEMBERS TO TOUR MALAYSIA, SINGAPORE

THIRTY-SEVEN OUTSTANDING MEMBERS OF THE COMMUNITY YOUTH CLUB (CYC) OF THE EDUCATION DEPARTMENT, WHO WERE CHOSEN TO MAKE OVERSEAS EDUCATIONAL VISITS BECAUSE OF THEIR EXCELLENT ACHIEVEMENTS IN COMMUNITY SERVICE PROJECTS THIS YEAR, WILL LEAVE FOR MALAYSIA AND SINGAPORE NEXT WEEK.

THE CYC MEMBERS, COMPRISING 15 BOYS AND 22 GIRLS FROM 19 PRIMARY SCHOOLS AND 18 SECONDARY SCHOOLS, WILL PAY GOODWILL VISITS ΤΟ A NUMBER OF SCHOOLS, EDUCATION INSTITUTIONS AND YOUTH CENTRES.

CYC

A FLAG PRESENTATION CEREMONY AND A TEA PARTY FOR THE MEMBERS AND THEIR PARENTS AND SCHOOL HEADS WILL BE HELD AT THE LEE GARDENS HOTEL TOMORROW (WEDNESDAY) AFTERNOON.

THE DIRECTOR OF EDUCATION, MR Y.T. LI, WILL TO THE DELEGATION LEADER.

PRESENT A BANNER

NOTE TO EDITORS:

YOU ARE INVITED TO COVER THE FLAG PRESENTATION CEREMONY TO BE HELD IN CAROLINE ROOM, FIRST FLOOR, LEE GARDENS HOTEL, HYSAN AVENUE, CAUSEWAY BAY, AT 3.30 PM TOMORROW (WEDNESDAY).

INTEREST ON TAX RESERVE CERTIFICATES REVISED

A GOVERNMENT GAZETTE PUBLISHED YESTERDAY (MONDAY) CONTAINS A LEGAL NOTICE ΤΟ THE EFFECT THAT THE FINANCIAL SECRETARY HAS AUTHORISED A DECREASE IN THE RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES.

FROM TOMORROW (WEDNESDAY), THE NEW ANNUAL RATE OF INTEREST WILL BE 7.32 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE PER CENT (TAX FREE).

OF 7.80

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.61 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 ARE USED TO PAY TAX AND NO INTEREST IS DUE WHERE THE PRINCIPAL VALUE OF A CERTIFICATE IS REPAID BY A CHEQUE.

/THE NEW