Show I 1 I 1 ike asked in savings 1 an ali improved improve V S savings bonds program with higher interest rates to give sales a mafli needed owl hot in tile the arm la Is ex expected acted to go into effect thorny anticipated Is removal of tho the present 3 20 maximum limit on savings bond inter est now new rates will be 3 4 to maturity for all series E and 11 II savings bonds sold on or after june 1 I an improved interest inter cut rate on all series E and II if bonds outstanding and continued to be held and improved extension terms for outstanding series E bonds when they matule in introducing the proposed legislation president elsen eisen hower pointed out that existence of the artificial ceiling on bond interest rates under conditions makes it virtually impossible to sell bonds in the competitive mar ket the president acknowledge knowledg ac ed that some buyers had shown preference for common stocks |