THE WAR LOAN
IMPERATIVE NEED OF THE WFOLE OF THE MONEY.
By Tslecraph.-P ,, ! ,00 Association
Dunedin, April 4. In an interview regarding the War Loan, the Rt. Hon. Sir Joseph Ward, Minister of Finance, emphasised the imperative need for war purposes of the whole of the money that the public aru being "asked to provide. The Minister added: "One feature about war expenditure, unlike the ordinary expenditure of a country,.is that so long as the war goes on we cannot wait. War expenditure is quickly .incurred, and so long as the war goes on it is necessary to provide means, and there must be no delay of any kind. v For instance, there is no such thing possible under war expenditure as. making provision for it out of unauthorised expenditure. One recognises _ that to many people public finance is such a hard matter-of-fact subject that they may give it onlv passing attention That occurs no doubt in the case of people who have some means, and who may not be impressed with the vital importance for the carrying on of the war. and of the full financial requirements being available, so that the coimtrv may meet the daily and weekly war conditions. For that reason one finds it necessary from time to time to call special attention to the matter. Nativvillv one does not want to bother people who are engaged in their normal occupations, but the provicVng of money is just 'as important, and in soma respects more important, than the providing of men. though the sacrifice made by the men is incomparnblyre« tpl ' ( alld !t camlot be over-estimated) than any inconvenience experienced by those who have to provide, money to enable our men to fknt the. battle'of freedom and civilisation. During tbo raisin? of the last loans I did not give out the amounts subscribed from time to time. Ido not think it is a good thing to do except in a general way. Tip to the present (with the Easter' holidays breaking in) there is a reasonable response being made, lint it is during the Inst week of the loan that the bulk of the monr-v ~SupJli- comes in. lam horw»M that tbp experience of tbs past will bp repeated iinoii this occasion, mid that wo. ninv be able to avoid taking the drastic course of puttin/r compulsion into operiit:on, though, if 't ."''oiild be necessary," it must be done."
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Dominion, Volume 11, Issue 168, 5 April 1918, Page 6
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403THE WAR LOAN Dominion, Volume 11, Issue 168, 5 April 1918, Page 6
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