SASKATCHEWAN SAVINGS BONDS SERIES IV SALES TOTAL $163 MILLION

Released on August 10, 1995

Finance Minister Janice MacKinnon today announced that Saskatchewan
residents purchased $163 million of Series IV Saskatchewan Savings
Bonds. After taking account of redemptions of previous issues, this
represents an overall increase in the amount of Saskatchewan Savings
Bonds outstanding of approximately $129 million.

"I am very pleased with the results of this year's issue. Saskatchewan
Savings Bond holdings now total $1.13 billion, representing an average
investment of over $1,100 per resident of Saskatchewan. This is a very
significant investment by Saskatchewan people in their province,"
MacKinnon said.

"This is $1.13 billion that the Government did not have to borrow
outside the province. It means millions of dollars in interest is
being paid to Saskatchewan residents rather than to investors in other
countries and in other parts of Canada.

"Nearly $173 million in interest has already been paid to Saskatchewan
residents on the first three series of the bonds. The $163 million in
purchases of Series IV Saskatchewan Savings Bonds exceeded the 1995-96
Budget's projection of $100 million.

"Saskatchewan Savings Bonds provide an ongoing opportunity for the
government to put some of the millions of dollars paid each year in
interest on the public debt back into the hands of people of
Saskatchewan, thereby helping to create jobs and economic growth here
at home," MacKinnon said.

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For more information, contact:

W. Davern Jones
Saskatchewan Finance
Regina
Phone: (306) 787-6673