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[edited by: ronin100 at 11:22 pm (utc) on April 19, 2004]
The only reason you would want to do this is if oldpage.html has direct backlinks to it or if it is ranking for something and you could use the traffic.
If the only page linking to this page is your own site then just forget about it and create new pages. The PR in the toolbar has no real meaning anymore. PR0 sites beat PR6 and PR7 sites all the time.