Show New Plan an Makes Bonds Cashable as a e a at Commercial Banks October 2 owners of Series E war bonds can i if necessary necessary nee nee- essar essary redeem them at any qualified qualified commercial bank or trust company according to official word reaching the Utah War Val Finance Finance Fi Fl- nance committee from Washington Washing Washing- ton D. D C. C Principal reason for this simplified simp simp- lined lifted redemption procedure which applies also to Series A B D. D C and D savings bonds sold from 1935 to 1911 1941 is the thc big biS' increase increase in in- crease in bond hond holders now es estimated estimated es- es at GO 60 per cent of the total population The new system may mar also have bave havet i t deterring effect on redemptions redemptions according to D. D Howe Moffat Moffat lof 1 fat Cat executive e manager for Cor Utah With the new method he hc pointed point point- ed out of providing payment of oC eligible bonds upon presentation by the owner or owner co-owner it is believed man many redemptions such as those heretofore made In anticipation anticipation anticipation an an- of delay delar In payment and later found unnecessary willbe will willbe willbe be avoided Heretofore E bonds have Inave been redeemable only upon certification certification tion to a Federal Reserve bank Although no Utah banks have bave q qualified as yet ot It is believed will as the U. U S. S Treasury will compensate them on a quarterly quarterly quart quart- erl erly basis for Cor each bond paid i The new system in no w way y changes the transferable non-transferable or day 60 holding requirements of or orE E bonds |