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Show Treasury Readies Bonds Into Drive A special nationwide program is scheduled to get under way this month to tell Americans the advantages of buying and holding hold-ing Series II U.S. savings bonds, according to information released today by Frederick P. Champ, State Savings Bonds Chairman, to Frank J. Wardlaw, Jr., Salt Lake County Bonds Chairman. Mr. Champ also announced that Utah sales of both Series E and Series H savings bonds reached a total of $1,619,119 during dur-ing July. "Most people are familiar with the Series E savings bonds," he continued. "However, too few know the advantages of the Series H savings bonds, especially especial-ly for persons planning retirement retire-ment and for same investment of funds belonging to trusts, charities, pensions, labor unions credit unions, churches, and any other group except commercial banks. "The H bond pays a current income by semi-annual interest check on the basis of 2 per cent the first year and a half, then 4 per cent to its 10-year maturity, an average of 3 per cent. It is redeemable at par any time after six months from issue date on one month's written notice and sells in denominations of $500, $1000, $5000 and $10,000." Chairman Wardlaw called on the citizens of Salt Lake County to "join with other Americans nationwide insupporting our government's savings bonds program pro-gram particularly in these critical criti-cal times. H bonds, as well as Series E bonds, are sold through commercial banks, and your banker can give you further information." in-formation." I |