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They also called the lottery bond a non interest bearing security issued on behalf of Irish minister for Finance by the Prize Bond Company Limited. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prize which is distributed by means of random selection of bonds. The prize bond company is a joint venture between the founders An post and FEXCO and is based in killorglin, County Kerry. The company was created in 1989 with issued share capital between the founders of 50% each and will operate the Scheme under its Current contract until the end of the 2025.
The history of the National Saving Organization establish in 1873 when the government saving bank Act 1873 was promulgated. During the First World War the British Government introduced several Schemes for collection of funds to meet the expenditure. It was in this context that the post office Cash certificates were floated.
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People who have Prize bond or if they want to invest on prize bond than they must want the draw Schedule of 2014. The draw will held on different city like Lahore, Faisalabad, Rawalpindi, Peshawar, Multan, Muzaffarabad, Hyderabad etc so you can get Prize bond 750 Draw Result 15th January.2014 so be ready who have 750 amount prize bond.
