Show WAR SAVINGS STAMPS EXCHANGED FOR NEW certificates there is every indication that the campaign bof biot the treasury department to have holders of war savings stamps exchange them for treasury savings certificates will prove very successful the war savings stamps were issued in 1917 and and mature in january 1923 the treasury department recently announced that it would offer in exchange tor for them a new issue of treasury savings certificates which from the standpoint of their price and the interest are more attractive than the old war savings stamps the new treasury savings certificates mature five years from date of issue if redeemed prior to date oj oi o i maturity they bear 3 interest if held until maturity they draw 4 compounded semiannual semi annual ly or about 5 per cent although the war savings stamps do not mature until next january the treasury department announces that for the benefit of those who wish to exchange the stamps tor for the new treasury savings certificates such exchange will be permitted now the exchange can call be made at any post postoffice office or bank in the united states the only provision being that where war savings stamps have been registered they must be presented for exchange at the post postoffice office where registered the response to alo this announcement of the treasury department part ment has already been very great and there is every indication that an unusually high percentage of holders of war savings stamps will make the exchange instead of asking tor for cash the new treasury savings certificates are issued at the following prices 2050 tor for a 25 certificate 1311 82 tor for a certificate and tor for a 1000 certificate those possessing war savings stamps to the amount of 1000 may follow either of the following procedures 1 present the war savings stamps having maturity value of 1000 and obtain in return tor for them a new treasury savings certificate with a maturity value ot of 1000 the present price of this certificate is the party making the e exchange x then would receive e I 1 in return e for or his 1000 worth of 0 war savings stamps a 1000 treasury savings certificate and in cash 2 he may receive for or his 1000 w worth orth of N war ar savings stamps a treasury savings certificate with a maturity value of 1200 the present price of this certificate is the holder of the war savings stamps would receive in exchange therefore the new cl certificate aud and 10 in cash the same process operates for holders of war savings stamps having a maturity value of less than 1000 the only difference being that they would receive in return treasury savings certificates of a correspondingly smaller denomination tion and a smaller difference in cash As for example the holder ot of worth of war savings stamps may e exchange them for a treasury savings certificate now selling at 82 and receive the difference as in cash or lie he may ex e change them for a treasury sayings savings certificate with a maturity value of 75 which is now nov selling at and receive the difference in cash if the even holders of war savings stamps wish to take all of them in cash at their maturity value they must wait until after january 1 1923 |