LOAN SUBSCRIPTIONS.

Dominion, Volume 12, Issue 226, 18 June 1919, Page 9

LOAN SUBSCRIPTIONS.

7 NEW ZEALAND'S EFFORT STATEMENT BY lION. A.M. MYERSTlio Acting Prime-Minister of the Commonwealth recently niado a statement to the effect that the' silles of War Loan Certificates for tlio Several States, xip to tlio end of April last, Were as follow:— • Total . . Per .... ; . , faco.value; capital State. ' £■ ' 1 j>"s. <1. Victoria ' ............ 1,854,263 '1 210 New-South Walctf . 1,780,741 0 15 10 Queensland '- 981,682 11 9 South Australia ... 731,18:! 19 4 Western Australia... 525,216 19 0 Ta5mania.;.......:../ 377,809. " 1 11,' 9 Total <£(>,201,194 Av.'jei 5 '8 ... Approached 'by a representative of Tnfe Dominion, the Hon. Arthur Myers, Acting Minister. of l'iiiance, furnished similar figures in respect'of, sales of War .Loan.stock In Now Zealand:— . ■ .Total Per ! face value, capita. ~ .. -' ■£ - ■. s, d. War Loan Certificates 4,039,120 3 11 10 5 • per cent: I'ost . • . Office Stock .875,710 0 15 7 5 per cent; Bonds:,. 1,551,800. . 1 7 7 . Totalis is ;o "These figures coinpaje favourably .with those of--Australia;" commented. Mr. Myers, "and .prove a state of prosperity amoiigst those of moderate inconfes in tho Dominion,, as well aq'. the widespread .influence of a national-spirit that.-, induces the small . investor to place his ' savings in War Loan Stock, thus helping to provide funds, for repatriation puirpqses. Tho total 'War Loans raisod in Now, Zealand,. worked out oil tho nboye baais, aro as. follow .. Total l'or ;; face value.. capita, i . £ J! s. d. ■ Yfur Loan., Certiit- ... cates, 5 per cent.. Bonds, arid P05t........ Office Stock ...... 6,466,630 5 15 0 iWar Loan Stock ... 36,670,015 .32 12 0 ' ; Totals , >E43,137,245'. .£3B 7 0 "Of course," continued the Minister, "the above total 'of 43 million ' -pounds does not represent' tho whole of intem- ■ ally-raised • loans; during tho war. •As : mentioned in.one of my statements published recently, an additional sum of 114 millions has been raised in this country since 1914 for purposes other than war, so. that of the whole of the loans raised by/the Dominion • during tho period of •hostilities (totalling some"81-millions), no' less than 67 per cent, has been raised in iNew Zealand,, or; nearly JESO per'head of the population- as it-stood a.t the-end <.f -March last. This'state of affairs affords a measure of satisfaction/ demonstrating as it does that the peopio of New Zealand are well able to finance our ..country's affairs from within; and I venture '.to say-that tho desirability of adhering 'to a sound policy of self-reliance financially and .economically is increasingly commending- itself to the'-popuktion of -this. Dominion.". ■