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Show Trading bonds saves on '63 income tax i "Many wise Utahns have made income-tax savings for themselves this year by trading trad-ing the Series E Savings Bond for Series H bonds, taking advantage ad-vantage of the privilege of deferring de-ferring payment of income tax on the accumulated E-bond interest. in-terest. Almost $89,000 in accumulated ac-cumulated interest is involved in the $247,000 exchanged from E to H-bonds by Utah residents during the first six months of 1963," Clem S. Schramm, State Savings Bonds Director, said today. Series H bonds are purchased pur-chased at face value starting with a $500 denomination and run for 10 yearsr Interest is paid by Government check each with six months. |