Imperial Valley press., 1918-11-21
REGISTER LOAN BONDS.
(Rv Associated pressl

by ASSOClatcQ fTeSSt
Washington, Nov 23--To insure
against loss or theft of Liberty bonds
owners are being urged by the Treas
ury TO have their coupon bonds reg
istered, although The procedure re-
suits in a great amount of work and
expense for the government now thai
he number of bond owners runs
above 30,O00,000. The registration
can be aranged at most banks, and is
done without cost TO The owner. Alter
registration, if a bond is accidentally
lost, stolen, or DESTROYED, the gov
ernment will pay ii at maturity iusl
The same, and interest checks will be
mailed 10 the bond owner twice a
year without requiring him 10 go 10
tile trouble of cIipping coupons and
presenting them at bank.
The facl thai bonds of the First
Liberty Loan or bonds fine Second
Liberty Loan are converted into
bonds bearing hiSher rate of interest
does not affect the dates on which in
terest is payable" explains Treas
ury announcement.
Interest is paid on bonds of the
first loan, regardless of whether they
have been converted on June 15, and
December 10; on bonds of the second
loan, May Is and November 10; third
loan, March Is and September 10;
fourth loan, April Is and October 10.
The Treasury also explains that
owing 10 the mechanical difficulties
of preparing millions of interest
checks on registered bonds. coupon
bonds will not be exchanged for reg
islered bonds or registered bonds
transferred on the books from one
owner 10 another, during a month
before an interest paving dale of each
particular loan. For example, eX-
changes or transfers cannot be ar
ranged for First Liberty Loan bonis
between May Is and June 10; and
between November Is and December
16. For the Second loan ihese dat IS
would be April Is and May 16; and
October 10 10 November 16. For The
Third loan, February Is 10 March 16,
and August Is to September 16. For
the Fourth loan, March Is 10 April
u.
This arrangement is explained oE
TIE Treasury as follows:
"DurinS any period when The trans
fer books for any particular loan are
closed no transfers of registered
bonds of such loan or interchanges IF
registered and coupon bonds of such
loan will be permitted, but if reques S
for transfer of any such registered
bend sor inlerchanges of such reg
isterei and coupon bonds are receiv d
during any such closed period. The re-
quests will receive attention upon The
reoDening of the books.
"The semi-annuai interest will ae
paid 10 the person in whose name
bonds are registered a. shown by lhe
books of lllc Treasury depar mcnt on
the dat the books close, regardless
of any disposition thai may be male
by The registered holder during the
closed period. If coupon bonds are
presented for exchange for registered
bonds during such closed periods, The
coupon nexl due should be detached
anS collected in ne usual manner.
If registere bonds are presented for
exchange for coupon bonds during
such closed periods. interest on suct
rcgistered bonds will be paid in the
usual manner, and the coupon bonds
delivered upon such exchange after
The reopening of The books will have
The coupon maturing on ihe interest
Gay for which The books were closed
and prior coupons detached"