History
Premium Bonds were first introduced by Harold Macmillan in his budget of 17 April 1956, with the aim of controlling inflation and to encourage people to save in the period after the war. On 1 November 1956, at a ceremony in front of the Royal Exchange in the City of London, The Lord Mayor of London, Alderman Sir Cuthbert Ackroyd bought the first bond from the Postmaster-General, Dr. Charles Hill for £1. Councillor William Crook, the Mayor of Lytham St Anne’s, bought the second. Premium Bonds were based in St Annes-On-Sea until the late 1990s when they moved to larger buildings in Blackpool.
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Famous quotes containing the word history:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.”
—William Faulkner (1897–1962)
“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)