XN000022-1991-07-02 — Page 9

TUESDAY, JULY 2, 1991

INTEREST ON TAX RESERVE CERTIFICATES

ΤΟ

THE FINANCIAL SECRETARY HAS AUTHORISED A DECREASE IN THE RATK OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES.

LEGAL NOTICE THIS EFFECT WAS PUBLISHED IN THE GAZETTE YESTERDAY (MONDAY).

A

AS FROM TOMORROW (WEDNESDAY) THE NEW ANNUAL RATE OF INTEREST WILL BE 6.60 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 7.56 PER CENT (TAX FREE).

+

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.55 PER MONTH PER $100. INTEREST WILL BE CREDITED AS REFORE IN RESPECT OF COMPLETE MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

INTEREST IS ONLY CREDITED WHEN CERTIFICATES ARE USED ΤΟ 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.

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

6.84 PER CENT

7.32 PER CENT

7.80 PER CENT

8.28 PER CENT

7.80 PER CENT

7.32 PER CENT

6.84 PER CENT

7.08 PKR CENT

8.04 PER CENT

CONTINUE

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER DECEMBER 7, 1988 AND BEFORE FEBRUARY 15, 1989;

PRR ANNUM FOR CERTIFICATES ISSUED ON OR AFTER FEBRUARY 15, 1989 AND BEFORE MARCH 8, 1989;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 8, 1989 AND BEFORE MARCH 22, 1989;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MARCH 22, 1989 AND BEFORE JUNE 22, 1989;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 22, 1989 AND BEFORE JULY 12, 1989;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 12, 1989 AND BEFORE AUGUST 9, 1989;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 9, 1989 AND BEFORE MARCH 7, 1990;

OR AFTER

PER ANNUM FOR CERTIFICATES ISSUED ON MARCH 7, 1990 AND BEFORE APRIL 4, 1990;

PRR ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 1, 1990 AND BEFORE AUGUST 15, 1990;

/7.56 PER CENT