The Lucknow Sentinel, 1958-08-06, Page 9Iv,
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WEP"INESPAY,- AVGU4T lb, le, NI
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LUCK.10,W: SiN'rINEL, LUCKNOW, ONTARIO •
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KINGSBRIDGE
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Afr. and Mrs. Baerta and twins,
Xi% and Mrs. jos,.tioinbardo, Mr.
aadMrs, Art De -Baker, Mrs. Vio-
* let Austin, Mr. and Mrs. Al Sut-
ter and family of IDetrOit were
week -end guests with Mr. and
MTS.Cyr Austin. .
, Miss Reta Forbes and two
irienda frOnl. Detroit ar0
With Mrs. f..oUis Hogan. and, lam-
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M. and Mrs. Raymond Austin,
Ar411 ,and Marlene of Tor-
onto,, Mr. and Mrs, Len Woodley
and-Slary Darlene of Malton, Mr.
and Mrs. H, Mcnard and sons,
Bobby and. Danny of Belleville,
spent the week -end at the Clifton
Austin home.
Miss , Florence LaMbertus of
Hamilton.' and Mr.. Seignqr
Guelph are visiting .with.Mr,.and
Mrs. H. Lambertus. • •
4.•
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Mr. and Mrs. Chris Moerbeck
and three children and Mrs. Ken-
neth Bee f Toronto spent, the
week -end with,the 'Leo Moerbeckfamily..
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Mr. and Mrs. :r?,, M.. Ryan and
family of Detroit,' Miss Ida Gres -
pap, ,Miss Mary Gunzik and, Miss,
Olga Di Francesco of London
Were' guests at the Walter Clare
• home 9ver the week -end.
Rev.;. Father. Moss of London
:was a• visitor t the•RectorY; and
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. wher...".71m "r4
alsj. with his. parents, Mr. and.
/Vire. J. C. Moss at their cottage.
here during the past week.
The Very, Rev. Gerard Van
Vynckt, of 'Yorktown,
Sask., is' a guest at the Rectory'
with hie brother, Rev.' H. Van
Vynekt, enroute to Europe for
the election of the Superior Gen-
eial and his council, •
. Mr, Robert .Howard purchased
the -farm of the late.Jos. Buckley
whichwas sold by public. auction
, ,P=Piim/ile`o
PAGE FIVE.'
last Monday event* for the -sum
of $11,000, and we .win be very
happy to welcome Mr. and Mrs.
Howard to this neighborhOod.
Mr. and • Mrs. Jack Berry and
son of Goderich, Mrs. .gd• John-
ston of Goderich, Mr. and Mrs. •
Schtiurman and family "itif
Lpn-
don, Mr...and MrS.,Ray:. Murphy
of Toronto, .Mrs. Lalonde and
family .of .Sarnia, Mr. and, Mrs., .
Clarence • Doherty of, Toronto,
were, other hohdaY,visitors here.
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1. What'is the Canada conversion' Loan of 1953?
It is an offer, to replace all unmatured• 34, wartime
Victory Bonds with new .5 -year. 41/2% Canada Con-
version Bonds. (Other bonds of shorter term, bearing
interest rates of 41/4%, 334% and 3% are also available.)
2. :Why is: the .Covernment makinglhis conversion Offer?'
In" order :To reorganize the .national debtori° a longer
cterm basis and thus• reduce the volume of Government..
refinancing over the next few .Srears. There is widespread
public' and .business agreement that .this. is a. sensible.
idea and will help protect the soundness of the adian
dollar. '• • •,. • • 2.
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3.
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What Interesi, will I receive on the new bonds?.
On the '25 -year' bonds the interest rate is 41/2%—this. is
$9% greater than the old Victory Bond rate. The
,crease on tile 14 -year and 'the 7 -year honds (is .
substantial, • ". • , x. • . •
6. What will be the total of my cask adjustment? • , . •
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It will depend on the type of exchange. For example, a • ' ' - •
$500 8th Victory Bond exchanged for a $500 Conversion
Bond - paying 41/2% will give yon '$8.75 m. cash int-
.! .. ,
mediately. This includes earned interest. - i ., 1 . .:. -.
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7. Does this offer apply to Canada Savings Bonds and
otherGovernment of Canada Bonds? .
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No. This offer is limited to unmatured wartime Victory ,
Loan Bonds only..., . • • • ,
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8. VVhat.steps' should I take if,rarn away from.home on
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vacation and wish to take advantage of this offer?
You should write immediately to your bank, investrhent
dealer, stockbroker, trust or loan company, requesting
literature and application forms. , •
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. ▪ small? ,
.9. 'Does it matter tbat the "Victory Bond - I hold is very.
4. a Victory Bond .holder, .I.be. reqUired to maim
any additional payment? •• • ,
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No.. On the contrary, you will receive . an itrilheditzte1
cash adjustmentEv. t.
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5, Do I have:to convert my Victor* ponds?' .
YOuMak if ydu wish, hold your Victory Bonds until,
matunty and on the .due date you will be paid their
full face value The Conversion Loan offer is open only ."
to Victory Bond holders, and the "right" 'to convert
gives Victory Bonds,a special value until the offer
eXpires. This is because _there are many/ people trying
tobuy. them in order to invest in the new bbncls..
r •
er yholde r of aVict B ory ond even th ough t he a ount
• ..held may be only •$50,' should take advantage of this
offer. t ts in his best interests as well as in the best
interests of Canada. , . •, ••
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104 How long is this offer Open?
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Until
SepteMber 15, 1958;.; but it ig to your advantage'.
to convert :as quickly as possible and have the benefit
of the immediate cash adjustment.
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11. Where tan I e7Lchang, My' Victory Bonds?
At any bank, investment• dealer; trust Or loan company, •
or throughyour stockbrOker;: '• , : .
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