Terrace Bay Public Library Digital Collections

Terrace Bay News, 21 Oct 1954, p. 5

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

CANADA SAVINGS BONDS WILL BE WELCOMED BY MORE THAN A MILLION CANADIANS By the time you read this or very soon thereafter a volunteer canvasser will approach you in connection with the pur~ chase of Bonds in the 9th series of Canada Savings Bonds, When the canvasser contacts you we hope that you will give them time to ex=- plain the terms of the payroll savings plan, Following are a few typical questions and answers, For further information ask your canvasser, Q, What interest is paid in this Series? A. 3%% -~- and this interest is paid on November 1st, 1955 and on November lst each year thereafter for a total of 12 years, ' Qe What is the price of these Bonds? A, The same as in all previous issues --- #500 buys a $500 bond, $1,000 buys a $1,000 bond, and so on, 'hey may be purchased for cash up' to and including November 15th at par without accrued interest, Q. When do I get my money back? A. .9th Series Canada Savings Bonds mature November Ist, 1966, but you can cash them at full face value--not a penny less---plus earned interest at any time at any bank in Canada. On redemption interest is paid at the rate of 3h per cent per annum for each calendar month the bond is held, te What denominations are available in Canada Savings Bonds? A, $50, $100, $500, $1,000 and $5,000, Q. Are Bonds registered? A. Yes, bonds are registered in an indiv-. idual's name and this registration gives protection in the event your bond is lost, stolen or destroyed. (Cont. on next col.) Page 5 CANADA SAVINGS BONDS (Cont. ) ah Q. How much can one person buy? A. Up to $5,000 of Series 9 Canada Savins Bonds may be registered in the name of any one individual, Q. What is the Payroll Savings Plan? A. Under this Plan you place your order for bonds with your employer, You pay for the bonds by regular deductions from pay over a period which may extend to twelve months, After you have completed the final payment the bonds are delivered to you with all interest coupons attached. So, how about getting on the Bond Wagon. It's a fact "When opport- unity knocks - Canada Savings Bonds give you a chance to say yes, 0-0-0 FIRE PREVENTION NEWS 538 If you heat or cook' with an oil stove, are you absolutely certain that your stove is in perfect working cond- ition? You better be, says Fire Chief Maitland, because oil stove-oil range fires are the biggest single home fire killer, According to the chief, National Fire Protection Association studies show that fires caused by improperly handled or defective oil stoves account for nearly a quarter of all home fire deaths, Children under five, the NFPA claims, are the principal victims of 'these fires, And as a part of their national drive to stop child-killing fires, the International Association of Fire Chiefs offers this advice: Most dangerous if not working right or not operated properly are these stoves: portable kerosene heaters, oil and kerosene kitchen ranges, and space heaters, Now, at the start of the heating season, ks a good time to have your stove checked and repaired by a qualificd mechanic, warns the chief. - ~~ Just as important is knowing how to operate the stove correctly. Follow the manufacturer's instructions exactly or, if you've lost them, check at once with your dealer or the fire department. A good idea too, thinks Chief Maitland, is to add "Let's be extra careful with oil stoves" to this year's Fire Prevention Week slogan, "Let's grow up - not burn up|"

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