THE WAR LOAN

Dominion, Volume 10, Issue 3170, 22 August 1917, Page 4

THE WAR LOAN

MONEY COMMENCING TO FLOW IN. The people of New Zealand are commencing'to realise the fact that tho War Loanlias been placed on the market. The first Iruits of the advertisements and the advocacy of the Press, the clergy, school teachers, and tho heads of local bodies are beginning to bo Inquiries are numerous, particularly with reference to the 5 per cent. Post Oilieo War Bonds, jind money is commencing to steadily flow into both the Treasury and tlie Post Office. Ono patriotic citizen m Uiristchurcli lins offered to exchange AaOfl worth of 51 per cent, debentures issued br a sound local body in exchange for a like amount of Post Office Bonds. He stands to lose one-quarter per cent, by tho transaction, but his action is one of tho first evidences of tho patriotic spirit in which, it is hoped the loan will be icS Wmi reference lo these 5 per cent, bonds it cannot be too clearly understood that the onlv declaration, required is one that tho proposed purchase doe, lint bring tho amount held beyond -£000. The amount already reported to Wellington as subscribed reaches over .£150,000. Thix m'ir be regarded as but a small beiimiing" towards tho twelve millions reHWrtrc: t lo"n has opened with the brightest prosmet of success. Nevertheless, thero is no reason whv anyone who is ablo to do bo should further -lostpono sending m an application no mutter whether tho sum |o bo invested be large or small.