XN000022-1992-07-07 — Page 16

TUESDAY, JULY 7, 1992

15

NEW INTEREST ON TAX RESERVE CERTIFICATES

*

AS FROM JULY 8, THE NEW ANNUAL INTEREST RATE PAYABLE ON TAX RESERVE CERTIFICATES WILL BE 3 PER CENT {TAX FREE AS AGAINST THE CURRENT RATE OF 3.6 PER CENT (TAX FREE).

A LEGAL NOTICE CONTAINING THE AUTHORISATION BY THE FINANCIAL SECRETARY TO A DECREASE IN THE INTEREST RATE WAS GAZETTED ON JULY 6.

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED STEPS AND THE NEW RATE WILL BE $0.25 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.

THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER JULY 8.

CERTIFICATES WHICH WERE ISSUED BEFORE JULY 8 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:

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%

7.56%

7.08%

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

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER AUGUST 15, 1990 AND BEFORE OCTOBER 24, 1990;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 24, 1990 AND BEFORE JANUARY 30, 1991:

6.60%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JANUARY 30, 1991 AND BEFORE MAY 29, 1991:

7.56%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 29, 1991 AND BEFORE JULY 3, 1991:

6.60%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 3, 1991 AND BEFORE AUGUST 14, 1991;

6.00%

PER ANNUM FOR CERTIFICATES ISSUED ON OR

5.52%

AFTER AUGUST 14, 1991 AND BEFORE SEPTEMBER 18, 1991;

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER SEPTEMBER 18, 1991 AND BEFORE NOVEMBER 6, 1991;

/5.04% PER ANNUM