XN000022-1994-05-24 — Page 12

3.00%

3.84%

11

TUESDAY, MAY 24, 1994

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 8, 1992 AND BEFORE MARCH 30, 1994; AND

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER

1994. MARCH 30, 1994 AND BEFORE MARCH 25,

AFTER

ΤΟ THE GENERAL RULE THAT INTEREST THEY ARE ALWAYS SUBJECT

MONTHS

FOR 36 COMPLETE

WITHOUT SURRENDER CEASES TO ACCRUE PAYMENT OF TAX.

FOR EXAMPLE:

TAX

ON DUF

$1,000 CERTIFICATES PURCHASED ON MAY 25, 1994, JUNE

SURRENDERED 1994 AND JULY 25, 1994 RESPECTIVELY, PAYMENT OF

WILL

25,

IN

AUGUST

24.

1994

HAVE

INTEREST CALCULATED AS FOLLOWS: -

ON $1,000, MAY 25, 1994 TO AUGUST 24, 1994 THREE COMPLETE MONTHS AT $3.80 PER MONTH

ON $1,000, JUNE 25, 1994 TO AUGUST 24, 1994 TWO COMPLETE MONTHS AT $3.80 PER MONTH

ON $1,000, JULY 25, 1994 TO AUGUST 24, 1994 ONE COMPLETE MONTH AT $3.80 PER MONTH

=$11.40

$7.60

= $3.80

$22.80

LANGUAGE FUND COMMITTEE HOLDS FIRST MEETING

THE

EDUCATION,

MR

W

TODAY WONG, LANGUAGE FUND

DIRECTOR OF

DOMINIC CHAIRMAN AND MEMBERS OF THE (TUESDAY) THANKED THE

"A VERY IMPORTANT AND MEANINGFUL ADVISORY COMMITTEE FOR TAKING UP APPOINTMENT" AS ADVISERS TO HONG KONG'S $300 MILLION LANGUAGE FUND.

MEMBERS

PROFESSOR ROSIE YOUNG THE COMMITTEE INCLUDED AND REPRESENTATIVES FROM THE

MR WONG IS THE TRUSTEE OF THE FUND AND

TO APPOINTED THE CHAIRMAN. OTHER

EXPERTS, EDUCATIONALISTS, LANGUAGE COMMERCIAL AND INDUSTRIAL SECTORS.

MEETING OF THE NEWLY FORMED ADDRESSING THE FIRST

ADVISORY HAVF BEEN ABLE COMMITTFE TODAY, MR WONG SAID: "WE ARE PRIVILEGED TO

AND EXPERT KNOWLEDGE IN DIFFERENT TO DRAW ON YOUR RICH EXPERIENCE

AND THEIR LANGUAGES ENGLISH

FIELDS, DAY-TO-DAY APPLICATION.

INCLUDING

THE CHINESE AND

WHO HAS

TO PROFESSOR ROSIE YOUNG WE ARE GREATLY INDEBTED GENEROUSLY CONSENTED TO BE THE CHAIRMAN OF THE ADVISORY COMMITTEE.

/"WITH HER

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