The Press. Monday, March 18, 1918. The War Loan.

Press, Volume LIV, Issue 16163, 18 March 1918, Page 6

The Press. Monday, March 18, 1918. The War Loan.

The prospectus of the new "War Loan of £9,500,000 appears in our advertising columns to-dily. It will be issued in the £orm either of inscribed stock or of bearer bonds* at the option of the subscriber. The rate of interest is 4} per cent., free of New Zealand incometax. ' For persons of moderate means two other options are given. They may buy either Post Office War Loan Certificates or Post Office 5 per cent, inscribed stock. "War loan certificates are repayable ( with interest, compounded, free of income-tax, at the end of five or ten years. Post Office War Loan stock will be inscribed for £100, or multiple of £100, but not exceeding £500. The term is for ten years, and the fate Of iiitetest 5 per ceiit., but this particular issue is subject to payment of- income-tax. No person may purchase this whose total sub-

~ . scription to the Wait Lohtis has reachad £500. Wo have already expressed the opinion,- that the limitation is a „ mistake. We betteVe this will pr dve ' • popular form of the loan, and "that,, ;when. the .next issue is put on - tho Uiltfket Ihfe Govarftmeiit frill recog■mse tho expediency of allotting anyone _ who:Wißhw to dd fcd tft t&kfe it up {tee restrictions of any kind. fieed hardly say th&t m ng&td lt u imperative duty of every one I

of our renders who is in a position to do so, to support this loan. Even those whose means are limited, can at least afford to take up a war loan certificate, and ought- to do so., We have now ieached tlio most critical period of the war. How serious is the position we in New Zealand only very faintly realise, but what has occurred in Russia, and the warnings lately issued by leading public men, ought to bring home to us tho gravity of the situation. Our soldiers are doing their part gallantly in the field, and the least those who remain here in the enjoyment of home comforts can do is to help to provide the "sinews of war.' "We are especially fortunate in that we have not been called upon to suffer any of the privations brought about by the war in other lands. What we arc aov.- asked to do really involves no sacrifice. In subscribing to the loan we are merely making tuo best aud safest investment of our savings, and taking out the best insurance policy against finding ourselves stranded in the backwash of the