No more $l, $2 bonds
PA Wellington The Post Office will drop the sale of $1 and $2 bonds from March 2. The Post Office said yesterday that since Bonus Bonds were introduced in 1970 the sale of $1 and $2 bonds had steadily decreased and precessing costs now outweighed any revenue gained "from them. But the withdrawal of the bonds would not affect prize draws. ~ Bonds which had already been sold would continue to participate in prize draws until they
were redeemed by the holder, the Post Office said. Bonus Bonds of larger denominations — $5, $lO, $2O, $5O, $lOO, $5OO and $5OOO — would still be sold. The Post Office also announced the dropping of smaller denomination British postal orders from March 2 because of a lack of demand. After March 2, postal orders would only be available at chief post offices and selected larger Post Office Savings Bank branches.
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Press, 26 February 1987, Page 2
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150No more $l, $2 bonds Press, 26 February 1987, Page 2
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