Gateway to Northwestern Ontario Digital Collections

Terrace Bay News, 28 Mar 1968, p. 5

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

1959 TERRACE BAY NEWS Tfyouown _ March 28, 1968 Canada Savings Bonds Here's a special offer just for you The Government of Canada has created a special new high-yielding security for the advance refunding of 1959 Canada Savings Bonds. These Special Replacement Bonds will be dated May 1, 1968, and will mature in 10 years 5 months on October 1, 1978. They will be available only in exchange for an equal amount of 1959 Canada Savings Bonds, and not for cash. Their average annual yield to maturity will be 6.88%. They will retain all the standard features which have made Canada Savings Bonds the most popular investment in Canada's history. This in- cludes the right to cash them any time at any bank for full face value plus earned interest. In addition, Special Replacement Bonds offer the opportunity to double your money.-If you choose not to cash your regular interest coupons during the life of the bond, 3 Compound Interest Certificates then become payable for a total of $280.00 extra (on each $1,000.00 bond). This amount plus your regular interest coupons doubles your money. You can take advantage of this compound interest feature in various ways. And that's not all. There will be two Prepayment Coupons, cashable May '1, 1968, attached to each Special Replacement Bond. They represent the 6 months' interest already earned by your old bond and the prepayment of the 3% non-taxable premium originally due November 1, 1968. On a $1,000.00 bond, these two Prepayment Coupons will be worth a total of $55.00. spr ie The exchange procedure is simple. Take your 1959 Canada Savings Bonds to your bank, authorized investment dealer, trust or loan company. They will make all arrangements for you. Exchange your 1959 Canada Savings Bonds for the new high-yielding Special Replacement Bonds without delay. This offer expires on May 15, 1968. How to recognize your Savings Bonds A \ \ ty First, the serial number in red im the upper corner of each bond is preceded by "'S14"' in black. Second, the name of the issue, "Canada Savings Bond"' "1959 Series" is shown just below the serial number.

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