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Zurich Citizens News, 1958-10-01, Page 10PAGE TEN ZURICH Citizens NEWS Finance Minister Announces Another Canada Savings Bond Series, Oct. 14 The Honourable Donald M. Fle- f program for the current fiscal ung, Minister of Finance has year. He said that the Canadians announced that the 1958 Series of Conversion `L.ioan had been inrmen- Canada Savings Bonds will go on sely suctessf e tin is objective: b ec e of sale on October 14th next. refinancing thus malting ,conditrioms more fav- ourable 'for re uiir, theraising n'w which Iforo f new money q' the current fiscal year total about $1,400 millions. The strong demand for Series 12 Canada Savings Bonds in 1957 In making this ailneuncenlent following the conclusion of the successful Canada Conversion Loan Mr. Fleming emphasized that the 1958 Canada Savings Bond camp- aign would form an important part of the government financing ATTENTION — FARMERS NICK E CREAM NARY WE PAY TOP PRICES O' 1EWS PRODUCE Phi sae Mulch WEDNESDAY, OCTOBER 1, 1955' made it evident .that this security retained its prcipulardty with indi- viduals. The,decision to offer a new series was taken in response to this demand. Mr. Fleming ex- pressed the hope that this de- mand would be stimulated by the special importance! of the offering this year and would result in a substantial sale. The teams of the new bonds are attracttive in com- parison with market issues of simi- lar maturity and particularly in relation to the privilege: of red- emption at par. The new Canada Savings Bonds I will be .dated November 1, 1958 and will mature 15 years later on November 1, 1973. They will be offered for sale at 100 per cent up to November 14, 1958. The bonds will carry 15 coupons each covering a one year period. The first coupon will pay interest at the rate of 3?;> percent and the re- maining 14 coupons at 4?'s per- cent. The average yield. to mat- urity is 4.19 percent. The limit ,for holdings 'for the 1958 series in any one name, has been set at $10,000. As in recent issues, the 1958 Series Canada Savings Bonds will be available in coupon form in denominations of $50, $100. $500, •$1,000 and $5.000. They must be registered as to principal ;n an individual's name whether adult $ or minor. In addition to coupon 5 bands in the above denominations, the 1938 Series Canada Savings Bonds will be available in fuli.y registered form in denominations of $500, $1,000 and_.$5,000. Buyers of the latter will receive their in- terest payments by cheque. Coup- on registered and fully registered bonds will be interchangeable at - any time. The 1958 Series will retain other familiar features of previ- ous issues including the: privilege of redernlptiionat full 'face value plus earned interest at any time at any bank in Canada. It is expected that morethan 12,000 firms will provide their emiployees with the facilities to purchase 'Canada Savings Bonds on the Payroll Savings Plan, and that investment dealers, charter- ed banks, trust or loan companies, stock brokers and other savings institutions will be offering the bonds to the general public. SIE ', "VICE PROVEN CONCENTRATES for POULTRY, HOGS ©rid CATTLE 1 Inquire about Low Grain Costs In kad Lots (DELIVE EDC TO YOUR FARM) M. DEITZ and SON ZURICH PHONE 154 ON Y and BEEF C During Oct tt• CENT T .S her and Nvember Hensall District Co-operative Inc. Hensall ZURICH A Brumfield 72 ga�4, `, THIS YEAR to train, rehabilitate and house the blind in this district. Community Chests and municipal grants will provide $57,190. 1S NEEDED C. N. I. B. TRI -COU TY CAMPAIGN HURON • MIDDLESEX - PERTH "' (Excluding London and Stratford) Scivel/ yvO T To J. E. Bannister, Zurich, Ontario sz,57„.0 4 -s -o -o-4-0- o 0 -0 -4"4 -e' -0 -44 -e - And Be Ass 0 0 red of Dcaiven y When NeeJed 1 O'BRIEN'S BING Heating and Tinsmithing Phone 156 — ZURICH Ilia 10Ist fat I 01 IONEER RA aim saw with nit mono One light -but -tough alloy casting from bar mounting to rear handle! Here's your guarantee of the longest life under the toughest cutting conditions — only with Pioneer RA! Look at these other RA "firsts", too ... snap -off hood for instant servicing ease . . big, piston -ported power ... you can't buy more chain saw for your money! Test Pioneer tomorrow! RARER & MITTELHOLTZ, Zurich, Ont. See the famous Pioneer Model HO as low as $199.50-10% down balance on easy terms.