Lao kip De La Rue. A 1975 10 kip by Bradbury & Wilkinson and a 1000 kip by De la Rue were printed but not circulated. The Pathet Lao kip was introduced sometime before 1976 in the areas which were under the control of the Pathet Lao. Banknote denominations of 1, 10, 20, 50, 100, 200 and 500 kip were issued. The notes were printed in China. In 1976, the Pathet Lao kip replaced the Royal kip throughout Laos following the Pathet Lao's take over of the country. The exchange rate between the two kip was 1 Pathet Lao kip = 20
Kelly Kip had knee problems and was not "the soundest of horses". At Laurel Park Racecourse in July, Kelly Kip was a last minute entry for the De Francis Memorial Dash, the second most valuable sprint of the season. He won from Affirmed Success in a time of 1:08.2, beating the race record set in 1991 by Housebuster. The trainer of the runner up described the winner as "probably the best sprinter in the country right now". In August Kelly Kip was sent to Saratoga to contest the Grade II A Phenomenon Handicap, a race which later became the Grade I Alfred