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PAGE 8 TERRACE BAY NEWS OCTOBER II, I973 Savings Bonds - continued ...... Kitchener investment dealer and director of payroll savings in Ontario Central West. "As many people have learned over the years they're a good friend in an emergency." The I973-'74 Series goes on sale October 3rd and will be dated November Ist but may be pur- chased until November I5th at face value with- out paying accrued interest. The new Series will have a term of I2 years and an average 'annual yield of 7.54 per cent when held to maturity. Interest rates for annual coupons will be 7 per cent for the first year; 7.5 per cent for each of the next six years; 7.75 per cent for each of the next three years; and 8 per cent for the final two years. The new Series also includes three extra interest certificates during the life of the I2-year bond. If held to maturity without cashing in regular interest coupons and com- pound interest certificates, a $I00 bond will grow to $239.50 when it comes due on November Ist, 1985. If an investor holds his $I00 bond and its first six regular coupons unchased until Nov- ember I, I979, a first compound interest cer- tificate becomes payable on that date for $9.25 TERRACE BAY MEN'S CURLING CLUB SEMI-ANNUAL MEETING THURSDAY OCTOBER 18th -- 7 P.M. CURLING CLUB Discussion regarding revision of dues, structure, etc. Allmembers and prospective curlers cordially invited. If he holds the bond to maturity without cashing any of the regular annual interest coupons or compound interest certificates, a final compound interest certificate becomes payable for $29.25. This brings total pro- ceeds at maturity to $239.50 for every $I00 bond. Interest payments, including those for com -pound interest, must be reported as income for tax purposes. The coupons and compound interest certificates may be reported either when they fall due or when they are actually cashed. Whichever option is chosen, the tax- payer is required to be consistent in report- ing interest received from the new Series and from other issues of Canada Savings Bonds and similar securities. At the same time, interest charges paid on the purchase of Canada Savings Bonds through the payroll savings plan or the monthly sav- ings plan may be deducted for tax purposes. Accrued interest paid on purchases made after November I5th, I973 may also be deducted. NO T1CE Dr. J. Hart, Director of Continuing Edu- cation at Lakehead University will be in Terrace Bay THURSDAY, OCTOBER 11th. Doctor Hart would like to see all people F now engaged in extension work and any who might be interested at a later date. PLACE: Terrace Bay Public School 7-9 P.M, NOTICE OF MEETING The Ladies Auxiliary to the McCau- sland Hospital will hold their regular meeting on MONDAY, OCTOBER I5th at 8:00 P.M. in the Terrace Bay Campus Library. O.P.P. TO TEST FOUR-DAY WEEK Commissioner H.H. Graham today announced that the Force will test the four-day, forty- hour work week, commencing on or about Janu- ary I, 1974. In accordance with the memoradnum of under -standing with the Ontario Provincial Police Association, four detachments of variou siz- es will be selected for this study. It is anticipated that the test will be for a period not exceeding six months. Foll- owing this the results will be evaluated as to the possible implementarion throtghout the force. 3