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Show Treasury Pays Tribute to Industry The Treasury Department has paid tribute to American industry for its outstanding support of the Savings Bond Program Pro-gram over the past 20 years. The salute to business recognized the participation in the Payroll Savings Plan by 45,000 companies, including many of the largest in the country. Under the plan, employees are enabled to buy bonds on a partial-payment plan through regular payroll deductions. The plan is voluntary, with the employee deciding what amount he wants to save each pay period. For low-income workers, the amount saved can be as little as $1.25 a week. However, of the more than 8,000,000 people now buying bonds under the automatic saving plan, the average is about $20 per month. "American industry has given the Savings Bond Program its greatest success," William H. Neal, National Director of the Treasury's Savings Bond Program, declared in commenting on the salute to business. "The 45,000 American companies have sold many billions Df dollars in Savings Bonds at no cost to the taxpayer. By operat- ( !ng the Payroll Savings Plan, these companies, big and small, ; ire helping to keep the country strong. At the same time they're lelping 8,000,000 people save automatically for the things they ivant. America owes a vote of thanks to these companies for :heir outstanding contribution to the 20 year success story of the J. S. Savings Bond Program." . The industry tribute appears as the second in a series of j monthly advertisements in observance of the 20th anniversary " j of the Savings Bond program. The ad series, carried as a I (Continued on Page Four) j ! Treasury Pas Tribute to Industry (Continued from Page One) public service of the newspaper industry, highlights the contributions con-tributions of major volunteer groups and institutions to the program's success. |