Bonus Bonds
Sir, — I would like to know how the New Zealand Post Office calculates the amount to be given out as prizes in the Bonus Bonds draw. Is it on a rate-of-interest on the amount invested in these bonds, and if so what percentage? Or are the prizes a set amount? — Yours, etc., SIDONIE YOUNG. November 20, 1979. [The Chief Postmaster, Mr D. Page, replies: “The Bonus Bonds prize fund is calculated at 6 per cent per annum on the amount of eligible funds. Of the total prize fund an average of 1/24 is used for weekly prizes, the remainder being paid as monthly prizes.”]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19791129.2.88.4
Bibliographic details
Press, 29 November 1979, Page 16
Word Count
106Bonus Bonds Press, 29 November 1979, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in