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British Savings Bonds


Government-backed securities for the small investor, issued only on the National Savings Stock Register and therefore not listed on the Stock Exchange. They were available for purchase at banks and post offices. The interest paid was at competitive rates and tax was not deducted at source. These bonds were withdrawn from sale on 31 December 1979 and all those issued have now matured.

Reference: The Penguin Business Dictionary, 3rd edt.