asked the Minister for Finance the reason the administration of the prize bonds scheme is carried out by the Bank of Ireland and not by An Post.
Written Answers. - Prize Bonds Scheme.
545.
On the introduction of the Prize Bonds Scheme in 1957 the functions of registrar and paying agent were assigned to the Bank of Ireland as that bank was then the registrar and paying agent for all Government loans. While the Central Bank have since taken over the registers of Government stocks and land bonds, the Prize Bonds Scheme has remained with the Bank of Ireland. Under existing arrangements, however, applications for prize bonds and for the encashment of prize bonds may be made through any Savings Bank Post Office.