Plymouth, Montserrat and Plymouth Junior Secondary School. Plymouth, Montserrat Plymouth was the capital city of the island of Montserrat, an overseas territory of the United Kingdom located in the Leeward Island chain of the Lesser Antilles, West Indies. Constructed on historical lava deposits near the then-inactive Soufriere Hills volcano, the town was evacuated when the volcano resumed erupting in 1995. Plymouth was abandoned permanently in 1997 after it was burnt and mostly buried by a series of pyroclastic flows and lahars. For centuries, it had been the only port of entry to the island. Plymouth is still the "de jure" capital city
Long-Term Capital Management invested in other derivatives such as equity options. Under prevailing US tax laws, there was a different treatment of long-term capital gains, which were taxed at 20.0 percent, and income, which was taxed at 39.6 percent. The earnings for partners in a hedge fund was taxed at the higher rate applying to income, and LTCM applied its financial engineering expertise to legally transform income into capital gains. It did so by engaging in a transaction with UBS (Union Bank of Switzerland) that would defer foreign interest income for seven years, thereby being able to earn the more favourable capital gains