XN000022-1992-05-05 — Page 9

TUESDAY, MAY 5, 1992

EMPHASIS WILL BE GIVEN TO ACHIEVING EARLY ENVIRONMENTAL IMPROVEMENTS, IN PARTICULAR AT CAUSEWAY BAY TYPHOON SHELTER.

(TUESDAY) BETWEEN MIKE STOKOE AND

THE AGREEMENT FOR THE STUDY WAS SIGNED TODAY THE ASSISTANT DIRECTOR (WASTE AND WATER POLICY), MR THE MANAGING DIRECTOR OF ACER CONSULTANTS (FAR EAST) LIMITED, MR HALE.

A.

MILLION, WILL BE CARRIED OUT IN

THE STUDY, AT A COST OF HK$7.3 TWO PHASES AND BE COMPLETED IN 18 MONTHS.

INTEREST ON TAX RESERVE CERTIFICATES

* *

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

FROM MAY 6. THE NEW ANNUAL RATE OF INTEREST WILL BE 4.56% (TAX FREE) AS AGAINST THE CURRENT RATE OF 5.04% (TAX FREE).

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED STEPS AND THE NEW RATE WILL BE $0.38 PER MONTH PER $100.

INTEREST WILL BE CREDITED AS BEFORE IN RESPECT MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

IN MONTHLY

OF COMPLETE

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.

MAY 6.

THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER

CERTIFICATES WHICH WERE ISSUED BEFORE MAY 6 EARN INTEREST AS FOLLOWS:

WILL

CONTINUE то

7.80%

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

7.32%

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

1989;

6.84%

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

7.08%

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

8.04%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 4, 1990 AND BEFORE AUGUST 15, 1990;

+

/7.56%