SASKATCHEWAN SAVINGS BONDS SALES END SATURDAY

Released on June 25, 1998

Finance Minister Eric Cline today reminded Saskatchewan residents that

there are three days remaining in which to purchase their Series VII

Saskatchewan Savings Bonds (SSBs).



"As in previous years, sales of the bonds have been very strong,"

Cline said. "At a guaranteed rate of five per cent, Saskatchewan

people can see that SSBs continue to be a very good investment in

their future and the future of our province. Sales close June 27 and

I hope anyone interested in an attractive investment opportunity will

take advantage of SSBs."



Saskatchewan Savings Bonds are:



available only to Saskatchewan residents;



guaranteed never to drop below the initial interest rate set for

the series;



redeemable annually without penalty for the full amount plus

interest;



eligible for RSP registration; and,



available in denominations as low as $100, to a maximum purchase

of $250,000, at local credit unions, chartered banks, trust

companies, investment dealers and authorized agents throughout

Saskatchewan.











Cline noted that an advertising blackout was in effect for the

City of Saskatoon throughout the recent by-election period. "We

were unable to advertise SSBs in Saskatoon until now due to the

requirements of The Elections Act, 1996," he said. "I hope this

reminder will help ensure that Saskatoon residents, in

particular, are aware of this important opportunity."



Customers with questions about Saskatchewan Savings Bonds are

encouraged to call 1-800-567-7077.



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For more information, contact:



Sandra Lodoen

Saskatchewan Finance

Regina

Phone: (306)787-6578