THE LIBERTY LOAN

Dominion, Volume 10, Issue 3179, 1 September 1917, Page 8

THE LIBERTY LOAN

WAR LOAN DAY AMOUNT APPROACHING £3,000,000 UNION COMPANY CONTRIBUTE £250,000. The reports with reference to the AYar Loan still continue to be encouraging. The amount now known in Wellington is .£2,885,000, and it will not be until the close of to-day's business that the receipts at the smaller country offices which servo a large number of moneyed men will be known. The demand fox' War Certificates is so large that a further issue will have to be printed. There seems to be a mistaken idea 'abroad that Post Office 5 per cent. War Bonds caunot be purchased by anyone who is a payer of income tax. This is entirely wrong. Post Office 5 per cent. War Bonds can be purchased by any person or society whatever so long as the amount obtained does not exceed =£500 for each person or society. At present the Post Office takes custody of War Loan Certificates without charge. As soon as the necessary safes, which have been ordered from England, reach New Zealand, it is proposed to in all the larger centres a Safe Deposit System, which will enable the Post Office to also take the custody of Treasury Bonds or Post Office Bonds. This system will also extend to valuable documents such as deeds, wills, mortgage deeds, etc., and a small annual fee will be charged, according to the size of the package, with access at certain stated tunes. Another large Wellington company has decided to invest ,£25,000 of its funds in the War Loan. The Public Service Superannuation Board, at its meeting yesterday afternoon, decided to invest .£IO,OOO iu the War Loan. This represents all the uninvested capital at present in the boards hands. Among individual contributions to the loan may'bo mentioned one ol .£l2 000 in Auckland and one of JioOOO and'another of .£2OOO in Christchurch; also u .£IOOO at Manaia and another .£IOOO at Hawera. Tho public who wish to convert Wai Loan Certificates into Post Office War Bonds are requested to defer making application until after the close ol the loan. The date of conversion will not in any way affect the interest payable, as they will be allowed tho present va ue of tho War Loan Certificates up to the day on which the Post Office Bonds are issued. LARGE CONTRIBUTION. QUARTER 01? MTLLTON MOM UNION COMPANY. Sir Joseph Ward stated in the House of Representatives yesterday that he had received a cablegram from tho managing director of the Union Steam Ship Company stating that tho company had decided to put .6250,000 into the War Loan. The Minister of Finance added that the National Mutual Life Association had contributed .£60,000. . The AVanganui Borough Council is investing .£4720 of its sinking fund in the AVar Loan.-Press.Association. The Wellington Diocesan Church bcljool Board is investing in lie War Loan. The board has also issued a circular appealing to all Anglicans to help their country, their church, and tho children, by investing m 'tho loan, and transferring a. portion to the board.

DUNEDIN SUBSCRIPTIONS, SOME BIG AMOUNTS. By Telegraph—Press Association. Dunedin, August 31. Local subscriptions to the War Loan include :-Union Company, X2oO,flnO; A. and T. Burt, .£10,000; Mosgiol Woollen. Company, Bruce Woollen Company, .£5000; New Zealand Paper J ,1U W Otago A. and P. Society, .11000, Port Chalmers Borough Council, XIOOO. The Savings Bajik officials experienced a v£ WW th? rush of persons desirous of withdrawing savings fo purpose of transferring the money lo to WarW* being incessant Irom.n a.m. to 4 V™; and also in the evening.

A Press Association message from. PalSo cioty, £5000; Mana.watu Lodge, „iw> D Thi S Trust, Lands Trust deJed 0 lalftight to invest -CIOOO in the W stefc» Harbour Board has decided to invest X 15.000 in the War Loan. The amount of subscriptions to the War Loan bv members of the Commel - rial Trailers' and Warehousemen s AsSoiAn had reached m&> l.st.ereniDf he folloffinif Inrorcargill invffltaants in the War Loan have been niado in the ast two ( lav S: -Southland Meat Srtwo m citizlns!°iooo and XIOOO.P Th S e"Wanganui Foresters' Lodge has decided to invest ,CSOO in the War Loan.Press Assn.' _