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Show Utah Heeds Colore Bond Sales; Want Local Sales Buying of U. S. Savings Bonds by the residents of Utah continued to increase during July when purchases amounted to more than one and a half million dollars, it was announced announ-ced by F. C. Packard, regional Savings Bonds chairman. July purchases of series E and H Bonds were reported at $1,542,142, 19 per cent higher than June sales. During the 7-month 7-month period January through July, total sales wctre $10,-874,469, $10,-874,469, over three million higher than the same months of 1952 or the Korean, war period, and higher than any comparable period since 1945. "This tremendous increase in the purchase of Savings Bonds, which is reflected in nationwide nation-wide sales reports, shows the increased faith of all America in our country's future and financial fi-nancial policy," Mr. Packard said. "More than $600,000 has been invested this year in the newH bonds, almost $400,000 more than in the same period of 1953. Unlike the E bond on -which interest accumulates toward to-ward the face value of the bond, the postman brings an interest check every six months to the owner of an H bond. Both bonds pay 3 per cent compound interest inter-est when held to maturity and are available only to individuals. "Even with the fine showing so far this year, we are currently current-ly running about 9 per cent behind be-hind in our assigned quota of $21.7 million, and Utah residents resi-dents must increase their purchases pur-chases of both series even more if Utah is to attain its share of the national goal of 'A Billion More in '54'," Mr. Packard declared. de-clared. He urged the citizens of Duchesne County to help Utah meet its Savings Bonds quota, not only for their own benefit but to aid the government in its vitally important task of managing the public debt and maintaining a sound American dollar. July sales in this county were $2,100, he reported. |