THE WAR LOAN

Dominion, Volume 11, Issue 161, 27 March 1918, Page 8

THE WAR LOAN

Sir,—As one whose profession brings him into close personal touch with the investing--or the "should-be" investing—public, permit me to say • that I have doubts about tho'present War Loan being raised without compulsion being applied. Investors are not going to rush it by any means. In fact, 1 feel sure —know positively—that quite a. lot of prosperous squatters arc not going to do anything. Will yon please say how the. compulsory clauses of the Finance Ant operate, [ and percentage of a man's income has got to be put into the loan ? Thanking you iu anticipation.—l am, etc., C.L.A.

[Any poison whose income for the year ended March, 1916, was not less than £700, and who has not already subscribed to the 1916 or the 1917 loans to tho extent of at least one and a half t : mes the amount of his land and incomo tax, can be called on to subscribe to the present loan an amount equal to i\ times his land and income .tax payment for 1916. Any sum lie may have already subscribed

01' a lesser amount thaii that specifiei mil bo taken into account. The procedure is for the Commissioner of Taxes to take action, notifying the taxpayer of his failure to subscribe to Lho loan, and calling on him to do so.]