European Stars And Stripes (Newspaper) - August 2, 1978, Darmstadt, Hesse                                Page 8 the stars and stripes August 1978 get Rich slow this is the second of a fou part series of articles on personal by Bob hover staff writer you wont make a bundle buying government but getting Rich in a hurry is not the objective of this form of safety and current yield Are the Princi pal attractions of what the investment Community refers to As relatively Safe because they Are backed by resources of a number of these issues now yield in excess of 8 per How does the individual go about buying government securities contrary to the opinion of Many Small there is nothing complicated about acquiring the variety of government instruments available on the Money mar How to buy overseas investors interested in govern ment securities should get in touch with their Banks at Home or with a broker age a number of which maintain european government securities consist of Treasury notes and Bonds and a Vari Ety of instruments offered by a dozen fed eral Herbert banking officer at first Pennsylvania Bank of North says modest investors usually prefer notes and Bonds because they exist in smaller denominations than Treasury Bonds normally Are available in minimum denominations of Al though Bonds arc included in a limited number of the minimum on notes usually is but As a Concession to the smaller invest some issues Are available at Treasury Bills require a minimum of Bills come in three terms three six month and three and six month issues become available at weekly auctions held throughout the year on auctions for oneyear Bills usually Are scheduled during the last full week of the there Are no set auction schedules for safety and current yield Are attractions luring Many to government securities Joan Roberg Rhei Maln ame cos Mary Williams discuss account Cole Treasury which May run up to seven years or for Bonds which May be issued for terms of up to 35 Blair Points out that investors with the minimum sometimes prefer Bills because of the High yield on Short term in vestment and because the transaction consists of a paper which eliminates the problem of theft or while there has been talk of Selling Bonds and notes in the same they continue to exist As Bare or unidentified instruments which Are As negotiable As because of their ready they must be kept in a Safe preferably in a Bank vault or in the custody of a broker age registration of Bonds affords a Means of but is Richard portfolio manager for Dean Witter Reynolds in says most customers purchasing securities assign them to the firm for because of the length of their Bonds May be traded several times during their this enables investors to pick up Bonds nearing maturity on what is referred to As the secondary in addition to Treasury a dozen government such As the Federal land the Federal Home loan mortgage and the International Bank for reconstruction and development Issue a variety of government yields on these instruments sometimes exceed Treasury minimum denominations on paper sold by government Agen cies vary from to charges for buying government paper first for charges the investor for any Money Market transaction the Purchase of a govern ment Security or a commercial Stock or because they Are transferable from one owner to government securities May be sold before maturity with no loss of interest a penalty that is assessed against those who sell Bank certificates be fore their another advantage of government securities is their exemption from state and local income although they Are subject to Federal a final category of government paper is the savings savings Bonds exist in two forms series e and series both of which yield 6 percent a despite the relatively modest interest savings series e in Appeal to thousands of Small investors be cause they May be purchased in Small de series e Bonds Are available in and de series h Bonds Are issued in and payroll deductions series e Bonds Are purchased through payroll deductions and Are sold at Banks and savings and loan in Europe they Are available at american express military banking h Bonds Are issued Only by Federal re serve Banks and branches and the Bureau of Public securities transaction in Banks and other financial institutions do Forward h Bond applications to Federal Reserve interest on h Bonds is paid semiannual while interest on e Bonds accrues Dur ing the life of the interest on e Bonds is subject to Federal income but not to state and local in come interest is Rezonable for fed eral tax As it but reporting May be deferred until Bonds Are exemptions from state and local taxes also apply to h but interest for fed eral tax purposes must be reported for the year it was tomorrow investment in tax free municipal Africa agrees to free Namibia planning Pretoria map South Africa agreed monday to let a envoy come to Southwest Africa to begin planning for the territory transition to an Independent Namibia under in a statement issued after a Day Long meeting of the full the South african government reserved the right to reject the special representatives and the government angrily rejected a separate Security Council Resolution Call ing for the reintegration of the Porten Clave of Wai vis Bay into a Western diplomatic source Here said the Martli would now probably arrive in Southwest Africa within a week and could have his transition plan ready for the Security Council by mid Only when the Council approves the plan does the transition plan engineered by five Western nations the United Brit Canada and West Germany formally go into the plan Calls or a joint South african transitional administration to hold pre Independence elections and oversee the reduction of South african forces in the territory and their replacement by the diplomatic source said South Afri Cas provisional acceptance of Aht Saaris Mission injected a new element into the Western plan and indicated that Namibia transition to Independence would proceeded from one crisis to the statement issued in foreign minis Ter Roelof Pik Bot has name made Clear that the new reservations voiced by South Africa were in reaction to the wests vote last week for the Security Council Resolution on Wallis that Resolution was separate from the main one appointing the special the South africans insisted that throughout 15 months of negotiations with the the Western negotiators had agreed that Wallis Bay would be settled Only by South Africa and a future govern ment of an Independent the Wallis Bay was the Price the Western negotiators had to pay to win the agreement of the Black nationalist Southwest Africa Peoples organization Swap to the Western the South african statement noted that the Security Council set no timetable for the reintegration of Wallis and they cited assurances from the Western five despite the the future of the enclave would be decided by South Africa and with this the statement South Africa would be willing to receive the special bearing in mind the manner in which this Issue Wallis Bay has been dragged into the the state ment South Africa would wish to satisfy itself that the letter and spirit of the proposal will indeed be on mat lers like the size of the South african Force and the size and composition of the As Well As the commitment that the elections would be held before the end of the Western diplomatic source said thai this last condition elections by years end would prove hard to since most Independent observers do not believe registration of voters and other preparations could be completed before Early next on receipt of the u envoys the statement the South african government will decide whether his recommendations Are indeed in accordance with the Western Prince Charles oks Home Rule Bills London a Prince heir to the British gave the Royal assent monday night to controversial government Bills designed to give limited Home Rule to Scotland and the stamp of approval by the 28year old filling in for Queen Elizabeth ii while she Tours marked the end of a bitter three year parliamentary Battle Over the Home Rule known in Britain As the Royal assent Means the Bills now Are but they will not become opera Tive until referendum Are held among Scotland 5 million population and Wales million to determine if they want a greater voice in running their own affairs the outcome of those expected to be held in the is anti evolutionist who badly mauled the Bills in forced amendments that at per cent of the scottish and Welsh electorates must the most fundamental constitutional change proposed in Britain for is fiercely opposed by Many politicians of All who fear it heralds the breakup of the United Bruce the Secretary of if they the government will set us legislative assemblies in Edinburgh and Cardiff to run a wide Range of fairs such As health and education but with no tax raising or economic delighted the Bill is now on the statute Book it provides an important step Forward for democracy in pm confident that we shall get the necessary support of the people of Scotland when to of put to the lest in the referendum