Flashback Friday: BC Debt Free in 1959

Bonds Flashback Friday: BC Debt Free in 1959

1959 BC Public Debt Bonfire

Back in 1959 the government of the day under W.A.C Bennett wanted to celebrate that they were debt free and had paid off all the government public agencies debts. What did they do? They had a bonfire on August 1, 1959 when they took $70 million in cancelled bonds and burned them on a barge.