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:
“What is most interesting and valuable in it, however, is not the materials for the history of Pontiac, or Braddock, or the Northwest, which it furnishes; not the annals of the country, but the natural facts, or perennials, which are ever without date. When out of history the truth shall be extracted, it will have shed its dates like withered leaves.”
—Henry David Thoreau (1817–1862)
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“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)