Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 29 · column 3 of 6 · from the scan, no model involved
U.S.bond
rates
RESIDENTS of Virginia and Americans everywhere are now earning higher interest on their Savings Bonds. The rate has been raised to 6 percent, when held to maturity; the pre- £ vious rate was 5.5.
James W. Rawles, Virginia chairman for U.S. Savings Bonds, says “the higher rate applies not only to new issues, sold on or after December 1, but to older Bonds as well, so there is no advantage in the redemption of outstanding Bonds to buy new ones. Furthermore, the maturity on E Bonds, sold on or after December 1, has been shortened from five years and ten months to five years.
“Savings Bonds are the ideal vehicle for helping ourselves and the country. As Treasury Secretary. Shultz says, they are a ‘cornerstone for our debtmanagement program.’ And, of course** Savings Bond dollars help the federal government to finance housing, highways, education, and other programs and projects to improve our lifestyle.”
95.7%