Thanks for all the possible purposes for these traces. To summarize:
1) test traces (with parts of them removed during production process)
2) multi purpose PCBs for different configuration, where parts of PCB are cut off
3) holes serve as interruption for configuring chips for different models
4) support traces for gold plating during board production
I cross checked with schematics. The upd7227 are not programmable, so 3) does not apply in this case.
The traces disappering in that hole in my 2nd picure are row selection lines for LCD R0..R8 of chip #4 from schematics.
The display is a 120x32 one (4 lines with 20 chars each, yes, very small, it is a machine from the mid 80ies). It looks that it is organized internally as a 240x16 display, needing only 2x8 row lines, so only two upd7227 are used in regards to row lines (R1-R8 and R9-R16), The four other upd7227 Rx outputs are going to these holes and are not used at all.
I have marked all the unused Ri pins in attached schematics.
So I am still not 100% sure what the traces are used for. Highest probability seems to be really gold plating support or testing.