XN000022-1996-09-01 — Page 2

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Exhibition to enhance labour relation starts tomorrow

A five-day exhibition will be held in Wan Chai tomorrow (Monday) to introduce the Employment Ordinance to both the employers and employees so as to enhance harmonious labour relations.

There will be display panels introducing the main provisions of the ordinance including annual leave, maternity leave, long service payment, severance payment and termination of employment contract. Leaflets on these provisions can be obtained at the exhibition area.

Members of the public are welcomed to visit the exhibition at the ground floor, Immigration Tower, Wan Chai, from 9 am to 5.30 pm from tomorrow to Thursday (September 5) and from 9 am to 2 pm on Friday (September 6). Admission is free.

Previous similar exhibitions held in Central and Tsuen Wan had attracted over 6,000 visitors from nearby districts.

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Tax reserve certificate interest decrease authorised

The Secretary for the Treasury has authorised a decrease in the rate of interest payable on tax reserve certificates, it was gazetted on August 23.

As from tomorrow (Monday), the new annual interest rate will be 4.68% as against the current rate of 4.92%

Interest on the certificates is calculated in monthly steps and the new rate will be $0.39 per month per $100. Simple interest will be credited as before in respect of complete months between purchase and surrender in payment of tax.

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 to the holders.