VICTORY LOAN

Bay of Plenty Beacon, Volume 8, Issue 11, 26 September 1944, Page 5

VICTORY LOAN

THE FOURTH WEEK CAMPAIGN SLOWED UP "Heavy artillery shortage, at the opening oJ" the fourth week of. the Victory Loan campaign." The Na-« tional War Loan Committee looks over the home front and finds it well manned with small investors—• the infantrymen of the Victory Loan Army. The forty million objective is. still so far unconquered that in. every working day of the remainder of the campaign the minimum task, is to secure a daily total of £1 825,-; 000. Here is the contrast which emerges from an analysis of receipts in. the first 18 days of two loan cam- 4 paignsi:— 3rd Liberty Loan Victory Loan Stock War Savings & Bonds £2 299 293 £3 759 536 ' » * Investors in Stock are lagging this year to the extent of £2 } 917,989 but the War Bond buyer and the National Savings depositor is showing greater sen&c. of obligation to this; j r ear's Victory Loan by subscribing more, to date. These figures provide the most emphatic evi-? dence of the urgent need to bring up the heavy artillery in order to win the forty million obpective which must be reached to give the Dominion's backing to its fighting forces in a critical and hopeful year of the war. The financial infantrymen have fully manned' the front. Now the moment, has come to fire the big shells the largp subscriptions to Victory Loan Stock without which the millions cannoti be obtained. There is heartening evidence that the community is thoroughly "loan conscious" adds the National War Loan Committee, but it is not yet clear that every section is doing its patriotic best. We have to rifice or we lose allin this emergency the needs of the State are paramount. New Zealand's financial war obligations this year are £133,000,000 and the propor-* tion which is not. raised by loan involving a turn of capital with in-? terest must be drawn from the taxpayer who will not get his money back.