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Show Utahns purchase record US bonds Utahns made cash investments invest-ments totaling $21,976,709 during dur-ing 1965 in Series E and H savings bonds, according to a report submitted by State Di-' rector Clem S. Schramm to State Bond Chairman Frederick Freder-ick P. Champ and other state and county volunteers. "Utah's sales bested 1964 by almost $600,000 making 1965 the highest sales year since World War n. Both series E and H sales were up over 1964 and accomplished 102 per cent of the assigned quota of $21.6 million," Mr. Schramm reported. report-ed. "Not included in these cash sales were $847,000 in Series H bonds acquired by Utahns through the privilege granted to E-bond holders of exchanging exchang-ing their values into the current-income H bonds. By taking tak-ing advantage of this exchange option, these bond owners may defer the reporting of accumulated accumu-lated E-bond interest of some $313,000 for ' Federal income tax for at least another ten years." Mr. Schramm also pointed out that the interest earned on both Series E and Series H bonds is not subject to State income tax. December sales reported for Utah County were $62,641, and for the year totaled $881,484, according to Sterling E. Price, Springville, county bonds chairman. chair-man. Research funds totaling $29, 280 were awarded seven medical med-ical institutions by the Utah Heart Association- for 1966, it was announced today by Allan H. Barker, M.D., Utah Heart Association president. Recipients of the 1966 grants are Dr. Hiram Marshall, Holy Cross Hospital; Drs. Gerasim Tikoff, C. Hilmon Castle, Theo-filos Theo-filos J. Tsagaris and Reed Gardner, University of Utah; and Dr. William M. Stauffer and Justin S. Clark, Latter-day Saints Hospital. Also funded on a continuing basis was the Dr. L. E. Viko Chair of Cardiology at the University of Utah College Col-lege of Medicine. Dr. Hiroshi Kuida is the recipient of that grant. Thirty-seven per cent of the 1965 Utah Heart dollar was directly allocated to research. |