17 SEPTEMBER 1988, Page 29

Bonded

Sir: What on earth gave Michael Trend CA healthy lot', 30 July) the idea that Premium Bonds were 'brought in after the first world war to pay for disablement pensions'?

They were introduced by Harold Mac- millan during his tenure of the Chancel- lorship of the Exchequer in the mid-1950s. Victor Mathias

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