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Show Mr. and Mrs. John Schnack-" enberg are now at home in Milford after spending the summer at Navajo Lake. They plan to leave Oct. 15 for Idaho for the Raider, fisliing, deer and elk hunting. Mr and Mrs. Louis Jimenez and three daughters of Everett, Wash., were in Milford at the home of his parents, Mr. and Mrs. Louis Jimenez. The younger Mr. Jimenez has been n the U S Air Force for the past six years, stationed at Everett. . and Mrs. Joe Eirrer and Sen spent their vacation in Pueblo, Colo., at the honi their parents. Mr R- of with the AT&T in Mii'S U Mrs. William Box of p is here at the home 0f7 sister, Mrs. A. D. Carter Savings Bond Holders Get Extra Interest Some half - million Americans Ameri-cans who own Series H Savings Sav-ings Bonds bought between June, 1952 and January, 1957, are in for a nice surprise one that will bring extra money into their pockets. Mr. J. C. Smith, Cashier, Milford State Bank, and West Beaver County Savings Bonds Chairman, calls attention to a recent change in . Treasury regulations permitting owners of these maturing H Bonds to continue holding them for an additional ten years at a higher high-er rate of interest a straight three and three-fourths per cent annually. Mr. Smith pointed out that these H Bonds were originally original-ly issued to pay an average of three per cent annually for the nine - year, eight-month life of the bond. "In 1959, this rate was increased so as to bring the final yields to maturity up to a range of 3.36 per cent. Under new regulations, regula-tions, in semi-annual interest checks a straight three anrf three-fourths per cent interest during the extension period. "Holders of these Series H Savings Bonds will be notified noti-fied by the Treasury of the extension privilege g r anted them when they receive their next to last interest check. Owners will not have to do anything about extending their H Bonds. This is automatic. As long as the H Bond is not redeemed, the owner will continue con-tinue to draw semi-annual interest in-terest checks at the new, higher rate of three and one-fourth one-fourth per cent interest for a full ten years." The Series H Bond when introduced in June 1952, was custom - made to satisfy the needs of Americans who wanted want-ed a current - income bond which , would be free from market fluctuations and would possess' the same safety features fea-tures and guaranteed interest rate as the popular Series E Bond. There are now close to one and one-half million H Bond accounts with an investment invest-ment of some six billion dollars. dol-lars. Nearly 160,000 new accounts ac-counts are opened yearly. Yearly H Bond sales now approach ap-proach a billion dollars. Secretary of the Treasury Douglas Dillon recently stated that "this new extension option op-tion for Series H Bonds is a well-deserved reward for the citizens who have held these securities for their full term. It is a reminder, too, that the opportunity of owning these 'Shares in America' is a privilege to be cherished. The purchase of U. S. Savings Bonds by every family is important im-portant to the economic strength of our nation, and is thus a contribution to the cause of peace and freedom around the world." |