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Sir William Heygate Edmund Colborne Butlin MBE (29 September 1899 – 12 June 1980) was an entrepreneur whose name is synonymous with the British holiday camp. [n 1] [n 2] Although holiday camps such as Warner's existed in one form or another before Butlin opened his first in 1936, it was Butlin who turned holiday camps into a multimillion-pound industry and an important aspect of British culture.
He finally decided to build one of the Butlins Holiday Camps at Barry Island. What was to become the last-built and smallest of the Butlins Holiday Camps came to Barry Island in 1965. Billy Butlin took out a 99-year lease on the headland at Nell's Point in 1966. [3]
Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. [2] For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.