THIRD LIBERTY LOAN

Press, Volume LXXIX, Issue 23977, 18 June 1943, Page 6

THIRD LIBERTY LOAN

POPULAR BACKING ESSENTIAL STATEMENT BY NATIONAL COMMITTEE (P.A.) WELLINGTON. June 16. “Need we sit back waiting for forced saving. Our American allies are raising war loans which make the £35,000,000 Liberty Loan effort appear small, unless we contrast the respective populations,” states the National War Loan Committee. "But with all their astronomical figures, the American war loans have received the popular backing. Announcing the latest success, Mr Henry Morgen•hau. Secretary to the Treasury, said something New Zealanders also feel in relation to the Third Liberty Loan. “ ‘The success of our war loan,’ said Mr Morgenlhau. ‘proves that Americans are not going to sit back and wait lor any forced savings plan in order to finance the most expensive war in history.’ “New Zealanders are being asked to save, and to sacrifice to save for warlending. and the only compulsion is their own conscience. If we are still getting ample food, with no unpalatable substitutes, and are enjoying the highest standard of living in the world, can we feel easy in our consciences unless we do something really hard every day in the way of a war effort? Human life is being risked today to keep a ruthless, fanatical wouldbe invader of New Zealand a few thousand miles from our homes. There was a time when we had to make ready for invasion. Millions have been spent, and we are still comfortable. Thirtyfive more millions are wanted this year from everyone who is safe behind the splendid human rampart of our fighting servicers." APPEAL TO WORKERS PUBLICITY CAMPAIGN ORGANISED In response to requests made by the Government, steps are being taken in Christchurch to bring to the notice of the staffs of business houses in the city, ways and means of making investments in the Third Liberty Loan. Arrangements have been made for talks to employees, explaining the methods of investment, and emphasising the need for the small investor’s contribution to the loan in an effort to check unnecessary spending and to give major assistance to the Dominion’s war effort. Particulars of the loan are to be put before the staffs of the following firms: —Andersons, Ltd., J. Ballantyne and Company, Ltd., the Canterbury (New Zealand) Seed Company, Booth, Macdonald and Company, Ltd., T. Armstrong and Company, Aulsebrook and Company, Ltd., Lichfield Shirts, Ltd., Scott Brothers, Ltd., the Christchurch Press Company, Ltd., N.Z. Newspapers, Ltd. (Christchurch), the Williamson Construction Company, Ltd., and Lane, Walker, Rudkin, Ltd. Results of the campaign among employees have so far been encouraging, and as a result of publicity given , to the loan, subscriptions of £3500 (incomplete) from the staff of the Central Post Office, and £llOO and £1066 from the staffs of Ernest Adams, Ltd., and Hays, Ltd., respectively, have already been made. A special appeal is being made by trading banks, who are circularising depositors advising them to contribute to the maximum degree to the war loan. The banks also offer to finance the purchase of stock and bonds for their clients, repayment being made in instalments at graduated intervals. Since the opening of the war loan there have been 2885 transactions in National Savings bonds in Christchurch, and 8060 transactions in National Savings accounts. The latter figure is 15 times the normal number of transactions in National Savings accounts. The total sum invested in National Savings and in bonds during the last four days is £65,965 r , which is clear evidence that the public recognises that the present loarf is essentially a people’s loan. INVESTMENTS IN CHRISTCHURCH £608,665 NOW SUBSCRIBED Last evening, a total of £608,665 had been invested in Christchurch in the Third Liberty Loan. This total is made up as follows: Inscribed stock £542,700? national savings bonds, £21.775; na- : txonal savings accounts. £44,190. Principal investments in Christchurch yesterday were:—

SUBSCRIPTIONS IN AUCKLAND i (P.A.) AUCKLAND. June 17. ! Subscriptions to the Third Liberty ; Loan in the Auckland postal district , as listed by the Auckland campaign committee passed the £1,000,000 mark 1 to-day, reaching £1,148,594, of which £1,043,352 was from the city. The J totals given do not include certain 1 subscriptions to which the Minister of i Finance (the Hon. W. Nash) referred ' In a broadcast on Sunday night, when i he stated that Auckland had subscrib- ! ed £1.500,000. The local aggregate on I that date stood at £336.375. 1

International Harvester Com- £ pany of New Zealand, Ltd. Farmers’ Co-operative Insurance of New Zealand, Ltd. 5000 5000 Hays. Ltd. 4000 Christchurch Building and Land Society (Permanent) 3000 Mr A. L. Woodward .. 2000 John Chambers and Son, Ltd. (Christchurch quota) 2000 Mr W. H. Clark 2000 New Zealand Coffee and Spice Company, Ltd. 1200 Staff of Hays, Ltd. 1066 J. Montgomery and Company .. 1000 North Canterbury Provincial Council of the Licensed Trade 1000 Waikari Lime Company, Ltd. .. 1000 Taylors (Cleaners and Dyers), Ltd. 1000 Mr P. L. Orr .. 800 Mr Charles Henry Taylor 500 M. Gould and Company, Ltd. .. 500 L. W. Beck 500