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Show Treasury Launches New Bond Sales As of this week tUah banks are prepared to service a new field of buyers of the familiar series and H savings bonds, purchases of which were formerly former-ly restricted to individuals, according ac-cording to Clem S. Schramm, state savings bonds director. Although the official Treasury announcement formally states that "partnerships, unincorporated unincorpor-ated associations, corporations, state and local governments, labor unions, churches, fraternal, civic, service and veteran organizations, or-ganizations, eleemosynary institutions, insti-tutions, estates, trusts and other fiduciaries" are now eligible to purchase, its practical interpretation interpre-tation opens unlimited coverage to institutional investors, except commercial banks. "The guaranteed cash values, the 3V4 per cent interest return and their indestructible features make these bonds an advantageous advantage-ous investment for all groups. There is a bond to fit the need of any size organization. The E bond, whose interest accumulates, accumu-lates, can be purchased in the usual sizes of $25, $50, $100, $200, $500, $1000 and $10,000 the purchase price being three-fourths three-fourths of the face value. The H bond, which pays interest by check ever six months, can be archased for $500, $1000 or 0,000 (face value). Interest is paid at the rate of 2.25 the first year and then 3.38 for the next nine years, and the bonds can be redeemed at par," he said. "Since the Treasury announced its intention to broaden this program pro-gram early in December, many investors have signified their decision to purchase. Each such investor is limited to the purchase pur-chase of $10,000 face value in each type of bond during one calendar year. "During this present defense emergency in our country," Mr. Schramm said, "it would be best to both the organization and the nation if each group would review re-view its present finances and if at all possible invest some funds in these 'Sharesin America.' |