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Show I Selective Service Answers Questions aiier you nave neia one iur a year, it will return an average aver-age of 4.95 for the remaining remain-ing 3', 2 years to maturity. Compare that with 5 for 4 'a years and you are only talking about pennies. Q.: My local board has mailed to me a Classification Questionnaire. Due to circumstances circum-stances beyond my control, I can't possibly return it in the ten days alloted for its completion com-pletion and return. May I receive a longer time? Ans.: Yes, if the reason for delay in its return is valid, the local board may grant an extension of time. Q.: I have had my induction induc-tion postponed. Before I am again ordered to report for induction, in-duction, doesn't the local board have to issue a new "Order to Report for Induction?" Induc-tion?" Ans.: No. The postponement postpone-ment didn't cancel the original orig-inal order; it only rendered invalid the first reporting date. Q.: I once was told I could not buy a Freedom Share, even Q.: Then I must hold my Bonds to maturity in order to get the higher rate? A.: That's right. It's sort of a bonus, to be realized either at original maturity or at extended maturity. Q.: How about the higher rate on outstanding Freedom Shares? A.: The Treasury has no legal authority to increase the interest rate on Freedom Shares issued between May 1, 1967, and May 31, 1968. That's because "Freedom Shares" are really United States Savings Notes, and come under a different law. Q.: Then wouln't it pay me to cash in my Freedom Shares and buy the new 5 ones? A.: It would hardly be worth it. You see, Freedom Shares are not redeemable during the first year. Then, though I offered to buy a Savings Bond along with it. Do I understand that this is now possible? A.: That is correct. Beginning Begin-ning June 1, 1968, a person may buy a Freedom Share from his local bank, without signing up to become a regular reg-ular purchaser, so long as he buys a Series E Bond at the same time. Q.: May I buy a $100 Freedom Free-dom Share and a $25 Bond? A.: No, but you can reverse re-verse that. The Series E Bond must be as large or larger than the Freedom Share, based on face values. Q.: What are the new higher high-er interest rates I heard about? A.: Series E Bonds now return re-turn 4Y interest, compounded compound-ed semiannually, when held to maturity of 7 years. Series H Bonds return 4 also, when held to a maturity of 10 years. Freedom Shares now average 5 when held to maturity ma-turity of 4Va years. Q.: How about my old Bonds? Will they also pay more? A.: Yes. Outstanding E and H Bonds will return comparably compar-ably higher yields for the re maining time to next maturity. matur-ity. However, the increase will be realized only in the final interest period when Bonds are held to next maturity. ma-turity. Q.: From what date will the increased rate be computed? comput-ed? A.: In most cases, from the first, full six-month interest period beginning on and after June 1, 1968. Q.: Will the higher yield on new Bonds also show up only in the final interest period per-iod before maturity? A.: Yes the increased return re-turn on both E and H Bonds and on Freedom Shares issued on and after June 1, 1968, will be reflected in the final in-: terest period. . |