THE VICTORY LOAN

Dominion, Volume 12, Issue 240, 4 July 1919, Page 6

THE VICTORY LOAN

' WARNING TO LAGGARDS. The Hon. Arthur Myers, Acting Minister of Finance, slated yesterday that dur. ing tho month of June over half a million was received as subscriptions to the Victory War Loan, bringing the total amount now subscribed to a sum well in excess of three million pounds received by the Treasury since December last, "So far as it goes," remarked Mr. Myers, "this state of affairs is satisfactory. It is necessary, nowever, again to remind the people of this country that the comjmlaory clauses under section 1G of tlie Finance Act, 1918, are still operatft'oj and will be put in force in respect of any firm or individual found not to be contributing adequately to the Exchequer. The balance of the Victory Loan not yet subscribed will probably be floated on the market at comparatively short notice, so that.it is advisable for those -who are liable still to eubscribe to this loan under the Act in question to do so without delay, as investments made uiitSF the compulsory clauses carry a rate of interest of 3 per cent. only. It is unnecessary to add that it is just as necessary to have the Victory Loan fully subscribed as it was to raise the loans that were floated du.ring tho actual period of hostilities. Our war obligations as reRtrrds "the manhood of tho nation were fully and , honourably met. Our financial obligations are not yet fulfilled, and so far there is no reason but to anticipate that the splendid recoid achieved by our troops will be emulated by those upon whom tTle responsibility rests of providing th'e money necessary for reconstruction and tho satisfactory resorption of the soldier into the national life." Mr. Myers emphasised the point that the issue* of the loan will not be delayed very much longer.