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One Dollar - NZ Post Office Bonus Bond
| Issuer | New Zealand Post Office (Postmaster-General of New Zealand) |
|---|---|
| Year | |
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| Composition | Log in to see details |
| Size | 128 × 76 mm |
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| Obverse description | The obverse is printed on a brown guilloche underprint composed of repeated text reading POST OFFICE BONUS BOND across the entire field. To the upper left, the New Zealand Royal Arms vignette appears above the bold letterpress legend POST OFFICE BONUS BOND. A central circular vignette contains an entwined mechanical or floral motif, overlaid with a blue circular validation stamp marked NOT TRANSFERABLE. To the right, the alphanumeric serial number and the large denomination numeral $1 are printed in dark blue, with ONE UNIT in bold letterpress at lower right within a decorative ruled border. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in blue on plain cream paper and carries several paragraphs of regulatory text governing the terms of the bond. The text explains registration at the Bonus Bonds Centre, Dunedin, repayment conditions, procedures upon the holder's death or change of address, and directions for correspondence. A central ruled box is provided for the holder's initials, with the heading HOLDER'S INITIALS above it. A final paragraph directs holders to Post Offices for further information on prizes. |
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| Comments |
New Zealand Post Office Bonus Bonds were not banknotes in any monetary sense — they were a savings scheme instrument, with the "bond" format deliberately designed to resemble currency and encourage small depositors. The Postmaster-General administered the scheme rather than the Reserve Bank, placing these squarely outside the normal note-issuing apparatus. Prizes were drawn periodically from a pool funded by interest earnings, meaning bondholders received no guaranteed return but retained the full face-value principal.
The scheme launched in 1970 and the Post Office retained administration until corporatization in the late 1980s transferred it to other hands.