The daily banner. (Cambridge, Md.) 1897-2008, 1917-12-12
January I. 1928. S..

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registered without cost to the own
ers at any postoffice of the first, sec
ond or third class, subject to such
regulations as the Postmaster Gener-
al may from time to time prescribe,
and payment in respect of any GER
tificate so registered will be made on
ly at the postoffice where registered.
Unless registered, the United States
will not be liable if payment in re-
spect of any certificate or certificates
be made to a person not the rightful
owner thereof.
War-Savings Certificates shall be
exempt, both as to principal and in
terest from all taxation now or here
after imposed by the United States,
any State, or any of the possessions
of the United States, or by any local
taxing authority, except (a) estate
or inheritance taxes, and (b) gradu-
ated additional income taxes, COM
monty known as surtaXes, and ex-
cess profits and war-profits taxes,
now or hereafter imposed by the
United States, upon the income or
profits of individuals, partnerships,
associations, or corporations. The
interest On an amount of bonds and
certificates, authorized by said act of
September "a, 1917, the principal of
which does not exceed in the aggre-
gate $4,000, owned by any individ-
ual, partnership, association or cor
poration, shall be exempt from the
taxes provided for in clause (b) above.
Payments on account of Warsaw
ings Certificates may also be eviden-
ced by United States Thrift Stamps,
having a face value of 25 cents each,
but bearing no interest United
States Thrift Stamps, however. must
not be affixed to WarSavings Ger
tificates, but only to Thrift Cards,
which may be obtained without cost.
Thrift Stamps as such are not direct
ly redeemable in cash, but each
Thrift Card will have spaces for 16
such Thrift Stamps, and Thrift
Card, when bearing its full compile
ment of such stamps, may be eX-
changed at a postoffice, or other au-
thorized agency, on or before Decem-
Der 81, 1918, for a War-Sayings Ger
tifcate Stamp, Series of 1918, and
upon such exchange the owner or
such Thrift Card must pay the diff
ference between 81 and the current
issue price of War-Savings Certifi-
cate Stamps during the month in
which such exchange is made, as
shown by the following table:
January, $4.12. February, Sab.
March, $4.14. April, $4.15. May,
$4.16. June. SALT. July, $4.1S.
August, s4.19. September, $4.2O.
October, $4.21. November, $4.22.
December, $4.23.
War-Savings Certificate Stamps
| and United States Thrift Stamps (to-
gether with Thrift Cards and War
| Savings Certificates, with suitable
pocket envelopes for such certifi-
| cates) have been furnished Cd to
| postoffices for sale to the public and
| to agents of the first class and CD
| to Federal Reserve Banks, as fiscal
agents of the United States, for dis
tribution to agents of the second
class and also for sale to banks
which are agents of the first class;
| the classification of such agents be-
ing hereinafter provided for. Post
| offices and Federal Reserve Banks
! will maintain available supplies OF
| stamps, certificates, and cards in
amounts sufficient to meet the re-
| Quirements for such distribution and
| sales.