WAR BONDS
Sir,—"Onlooker" is troubled about the war bonds. He does not mention, in his glowing account of what the investor receives that when the said investor tries to sell those bands he loses about jC3 10s. on every .£IOO and also loses 1.1 per cent, interest on his money while be hohis them. In my own case I had to borrow money to invest in these war bonds and pay C per cent., while I receive 4J per cent. It is not by income alone they are assessed but by the amount of land tax paid, and that land may be heavily mortgaged, consequently the owner !in* to borrow money. We hear a great deal about the people of wealth and what they do or don't do; in fact, they and the lnnd are the continual worry and trouble of a certain section of people. Why should the New Zealand investor, pray, not get good interest for his money the same as Canada and other countries, which, pay 5} per cent., but somebody must find fault. As long a.s they escape themselves it does not matter who pays. —I am, etc., A LOSER,
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https://paperspast.natlib.govt.nz/newspapers/DOM19191021.2.109.4
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Dominion, Volume 13, Issue 22, 21 October 1919, Page 8
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194WAR BONDS Dominion, Volume 13, Issue 22, 21 October 1919, Page 8
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