XN000022-1994-03-29 — Page 19

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TUESDAY, MARCH 29, 1994

INTEREST ON TAX RESERVE CERTIFICATES UP

THE ANNUAL RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES WILL BE INCREASED TO 3.84% (TAX FREE) FROM TOMORROW (WEDNESDAY).

THE CURRENT RATE IS 3% (TAX FREE).

A LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL SECRETARY HAS AUTHORISED THE INCREASE WAS GAZETTED YESTERDAY (MONDAY).

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $0.32 PER MONTH PER $100.

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

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 MARCH 30.

CERTIFICATES WHICH WERE ISSUED BEFORE MARCH 30 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:

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 1990 AND BEFORE AUGUST 15, 1990;

4,

7.56%

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

7.08%

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

OCTOBER

6.60%

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

JANUARY

7.56%

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

29,

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

5.52%

5.04%

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

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 6, 1991 AND BEFORE MAY 6, 1992;

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