THE WAR LOAN
POSSIBILITIES OF THE FUTURE . DOMINION'S ACHIEVEMENT FINANCE MINISTER'S VIEWS. The Minister of Finance (Sir Joseph Ward) stated yesterday that lie had received telegrams of congratulation far the Government and tor himself as, Minister on the success of the loan 1 flotation. These had como from all «ver New Zealand, and some feu- had cazr.e from abroad. Regarding .tno extension of the period for receiving applications, ho said that ho had that day received applications for other amounts, amounting m all to a considerable total. Our bast War Loan? Referring to the possibility of another loan, ho expressed his opinion as follows:— "I may be wrong, of course, In my assumption, but I have a fixed conviction, as the result ot a close study of events, that we havo raised our first and last war loan in connection with the great struggle that is now going on. Events are happening at all fronts, and in other respects also, that clearlv indicate that the enemy is weakening, and tliat. the great amity and determination of .Great Britain and her Allies is greater to-day than It was at the beginning of the war. that they are one and all fired with a fixed and firm belief, for which there Is justification, that they have the enemy, so to spealc, 'oh tho run,' slightly though it may be. These features are naturally enthusing, and Infusing an added spirit of determination into tho armies of the Allies, and II must before very long commence to tell a still greater and more effective fale and bring about that out-and-out victory, which is tho only way in which this war can be finished. New Zealand's Part. "New Zealand is doing its part both in men and, to a considerable extent, in money, and wo can share with tho older countries as well, as with tiio Overseas Dominions the fervent hopo that the end will soon come, with tho defeat of an enemy who started out with the intention of dominating tho and, later, tho British Islands, which meant the inclusion of New Zealand and other oversea Dominions, as subject portions of this Empire. My opinion is that the contributors to the war loan, apart altogether from its investing side, nave been animated by a strong determination to do all their power to prevent even the possibility of • such a oalamity overtaking us, or, indeed, tho vorld as a whole." ' MR. MASSEY'S APPRECIATION _"I was confident that the people of New Zealand would rise to the occasion in connection with the financial requirements of the country to carry on the war," said the Right Hon. AV. F, Massey to a reporter yesterday, "and I am naturally pleased that they have done so. The loan is an undoubted success, and is a credit to everybody concerned. After what has taken place within tho last few weeks I have no doubt that later on, if more money is required, tho public will find it in the same way. New Zealanders have again proved that in no respect do they intend to be behind tho rost of the Dominions in assisting the Empire to carry tho war to a satisfactory conclusion."
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Dominion, Volume 9, Issue 2857, 23 August 1916, Page 6
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533THE WAR LOAN Dominion, Volume 9, Issue 2857, 23 August 1916, Page 6
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