People's life bonds in DPRK
KCNA
Pyongyang, March 31 (KCNA) -- The DPRK will issue people's life bonds.
The bonds are aimed to fully meet the great demand for funds necessary for the building of a powerful nation on the basis of the Korean people's noble patriotism and their awareness as citizens.
This work will be carried out on the basis of voluntary principle and the Korean people's duty as citizens.
The bonds will be redeemed by payment of drawn prize money and principal sum by lottery.
11 lotteries will be held during the term of validity lasting ten years.
The bonds that won prizes will be redeemed by payment of prize money including principal sum and the bonds that drew a losing number will be redeemed by payment of principal sum during the term of validity.
The bonds are popular ones as they contribute to the prosperity and development of the country and the promotion of the people's wellbeing.
The issue of bonds is intended to meet the demand for funds necessary for modernizing the people's economy and boosting the production as required by it age.
The issue of the bonds is significant in that it helps cover the shortage of fund by the efforts of the Korean people on the principle of self-reliance, not counting on foreign aid.
The Korean people built new democratic Korea from scratch in hearty response to the call made by President Kim Il Sung to those with strength to dedicate strength, those with knowledge devote knowledge and those with money donate money for the nation-building after the country's liberation.
They devoted themselves to defending the country by buying bonds as one even in the difficult period of the Fatherland Liberation War.
