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Show MAY 111, IDA! tut: Three Options Open To Govt. Bond Holders At Maturity of Bonds Ten years ago on the first of May, l'.itl, the United States Treas- ury sold the first Series E Savings Bonds. Americans now hold around r.no million E Bonds, worth some billion, present cast value. E Bonds begin to On May 1, mature. The first E Bonds were titled Defense Savings Bond, Series E until after Pearl Harbor when the title became War Savings Bond, followed in 1!M5 by U. S. Savthe ings Bond. Since rebeen has Treasury Department as them Bonds. Defense to ferring However, under all these names it is the same Series E Savings Bond, the most widely owned security in the world. About $1,0!K5.(H (0,000 of Series E Defense Bonds issued in 1!)41 are still outstanding and will mature month by month between now and the the end of 11."1. In lb.T2-.1- 4 maturing will markedly increase. reflecting the heavy wartime sales of E Bonds in war loan 1 drives and on the Payroll Savings In 10.", maPlan during 1042-4come to down to turities will begin levels. peacetime In a statement embodying these facts, Chairman Haven J. Barlow of the Layton Savings Bonds Committee, reminds owners of Series E Bonds that under a recent act of Congress (H. R. 22(58), they now have three options at maturity, two of which are new privileges: mid-Janua- ry 4. jmrrrvAT, 13 Damage Repaired Following Flood FARMINGTON By Monday most of the damage caused by the of behind waters a dam in Farmington canyon had been reunleashing paired. CASH. The owner of any SeThe flood control dam, built by Civilian Conservation Corps men ries E Bond may receive, if he in It waters cascaded from the gave way Sunday and the backed-u- p wishes, full cash payment by presenting his matured bond to any mouth of the canyon and flooded an area about a mile square. Minor damage was reported, including the drowning of some qualified bank or other paying This has not changed. The poultry belonging to LeGrande Hess, former Davis sheriff. new options are: Monday it was reported that debris carried by the floodwaters (2) EXTENSION. The owner had been cleared off, and the spring runoff was routed around the may retain the matured E Bond broken dam. and for a period not to exceed ten A crew of approximately 2 men went to the disabled dam Sunday additional years the cash value of the bond will increase each six and worked through the night channeling the threatening waters to months, interest accruing at the prevent further damage to farmlands below. rate of 2',20 simple interest for years, and then at an increase rate for the remaining 21-- years, to bring the aggregate interest return Bonds. Series G Bonds are regisSALLY'S SALLIES to approximately 2.!Kt, compound- tered bonds issued at face amount y ed (selling at par.) They bear inter(the average rate est at the rate of as for the original ten-yeper cent per peripayable od.) This choice requires no aciton annum, by the owner of the bond; any E from issue date until their maturBond which is not turned in for ity in 12 years. There is a time cash at its original maturity date limit after maturity of E Bonds will be extended automatically un- for exchanging them for G Bonds; G til such time as the owner does ask at any bank for details. Bonds be redeemed at may any present it for payment. At the end of the extended period of ten years, time after six months from the isinterest ceases. The extended E sue date on one calendar months Bond may be redeemed at any time notice from the owner. If issued in for the full face value plus interest exchange for maturing E Bonds, which has accrued at the new they will be redeemable for full face value whenever they are prerates. sented for payment a new privi(.'!) EXCHANGE. Those who prefer to receive interest as current lege. income, rther than having it accrue The options outlined apply to all and add to the cash value of the outstanding E Bonds as they maMeet Dad, dear. He insisted on bond, may exchange maturing E ture and will apply to all new Se- It. Hes now the local recruiting Bonds in amounts of $."00 or multi- ries E Savings Bonds issued in the officer. ples thereof for Series G Savings future, Mr. Barlow added. ( ) nt. : You wouldn't attend a wedding without an invitation. The same thing applies when you go shopping. The stores that want your business will invite you to come in. semi-annuall- ar semi-annual- ly Patronize The Merchant Who e Wants Your Business Advertises-H- News About Yourself and Neighbors Every Week in the Reilex and Journal $3.00 for a whole year FOR THK SALT LAKI CITY-DI- VIR N TRAViLER... (Continuation of standard equipment and trim Illustrated 11 dependent on availability of material.) ... 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