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Show Treasury Reports On Bond Sales B. C. J. Wheatlake, Salt Lake county savings bonds chairman, announced that purchases of E and H savings bonds in Salt Lake County were $508,502 during dur-ing December, and for the year 1957 totaled $7,179,913. Purchases of U. S. savings bonds in Utah during 1957 ran at a little higher rate percentage wise, compared with 1956, than the national average, and made a total of $17,656,162, according to Frederick P. Champ, State Bonds chairman. "We look forward for-ward to 1958 to be an outstanding outstand-ing year as more investors become be-come aware that savings bonds, with their 3 interest return, known surrender value, guaranteed guaran-teed by the full faith and resources re-sources of our government, are the safest of all investments." Since the new ruling by the Treasury Department became ef-' fective January 1 permitting practically all types of organizations, organiza-tions, clubs, pension funds, corporations, cor-porations, etc. to purchase E and H bonds (formerly restricted to the F. G. J and K series), banks are reporting many sales of this type. "This new source coupled with the apparent increased interest in-terest of individuals in buying a tangible 'Share in America' can make 1958 a successful savings bonds this," he said. "We appreciate the outstanding outstand-ing support during 1957 of the thrifty people of Utah, the volunteer vol-unteer workers, the press, radio, TV and other publicity media, the many firms and other groups which help their employees save through the Payroll savings plan and the banks which encourage the purchase of bonds and issue them as a free public service," Clem Schramm, state director, said. "We hope for the continuation continu-ation of this fine cooperation and for expanded purchases of savings bonds as a means of supporting sup-porting our country during the dificult and trying times ahead." |