The withdrawal profit resulted from a revision of a government ordinance that reduced the ratio of funds to set aside for the special reserve funds (from 3 percent of principal to 0.5 percent of principal). These are accumulated to provide for situations in which the value of a loan trust falls below the value of the principal.
As she might remind you all tonight, Rachel Manley was only 15 years old when she witnessed the Union Jack come down at midnight on August 2nd 1962 and the black, green and gold Jamaican flag shimmy up the flagpole to unfurl the dreams of a new nation, Jamaica.