Terrace Bay Public Library Digital Collections

Terrace Bay News, 12 Oct 1978, p. 1

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[Il termace say news ff] VoL. 21 NO, 33 OCTOBER 12, 1978 25¢ PER COPY BONDS MATURING Are you one of the 900,000 Canadians whose Canada Savings Bonds come due this year? If you're not sure, you'll find it worth your while to check First of all, there are two maturing CSB issues -- the 1968 Special Replacement Series und the 1969-70 S24 Series. Both issucs offered investors the possibility of compounding their interest, plus a generous cash bonus which was added to all outstanding Canada Savings Bonds in 1974. This mean that a $100 (S24) bond can be worth as much as $211.50. Here's how to identify them: Check the serial number in the upper corner on the face of each bond. It will be preceeded by either "SR" or S24", The name of the issue -- "Canada Savings Bonds Special Replacement Ser- ies" or "Canada Savings Bonds 1969-70 Series" -- will also be shown immediately below the serial number. Both maturing issues have been excellent investments -- and many CSB investors will no doubt want to reinvesl the proceeds in this year's issue, which offers an average annual yield to maturity of 8.9 per cent over a seven-year tem -- 8.5 per cent for the first year and 9 per cent for each of the remain- ing six years. That's why special provisions have been made so that inves- tors can avoid the rush of last-minute crowds in mid-November. As early as Oct: 2, whenever they do their regular banking of investing, they can check their safety deposit boxes, deter- mine whether they own bonds of these issues and complete the transaction at that time. Application foms for the new issue can also be filled out and no further action is required. Even though Series (S24) is dated Nov. 1, all the paperwork will be done beforehand and the transaction will be effective at that date. : CSB buyers will again be offered a choice of two Canada Savings Bonds -- the regular Interest Bond, which pays inter- est annually by cheque or direct deposit and the Compound In- terest Bond, which reinvests your money automatically and earns interest on the interest. that is paid at maturity or redemption. continued page 2 ceeveen. as OMBUDSMAN HEARINGS Details have been released of tour number nine of fourteen such tours planned for the 1978-79 Ombudsman Hearings program throughout the Province. The program -- designed to make the services of the Office of the Ombudsman available to all the people of Ontario in their home areas -- will see staff members located in Schreiber on October 17th, in Manitouwadge on October 18, and in Horne- payne on October 19th. Previously planned visits to these three northwestern Ontario communities had to be cancelled last year due to seasonal transportation problems. In each case, representatives of the Office of the Ombuds- man will hear -- in complete privacy and confidentiality -- complaints or grievances that individuals or groups may wish to discuss regarding administrative acts or decisions of Min- istries, Agencies, Boards or Commissions of the government of the Province of Ontario. Staff members will be located in: Schreiber - at the Town Hall, 302 Scotia Street, on Tuesday, October 17th from 10 a.m. until 6 p.m. This year's program is concentrated more on the smaller communities of Ontario, the larger centres having been cover-' ed by the two previous years' schedules. These hearings will be numbers 109, 110 and 111 in the series since the program commenced in the autumn of 1975. : No appointment is needed for any of the hearings on the vis- -its to the various centres with staff members available during the luncheon and dinner hours through to early evening. Staff members will also be located in: Mani touwadge - at the Community Centre, Manitou Road, on Wednesday, October 18th from 11 a.m. until 6 p.m. and Hornepayne - at the Legion Hall, Branch 194, on October 19th - from 11 a.m. until 6 p.m.

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