£6,000,000 WANTED

Dominion, Volume 14, Issue 31, 1 November 1920, Page 4

£6,000,000 WANTED

GOVERNMENT LOAN FOR DISCHARGE!

SOLDIERS

CAMPAIGN BEGINS TO-DAY

Between to-day and November 25 the miblic of New Zealand will be asked to Kibe the- sum of ,£0,000,000, the amount needed by the Government to cover the cost of re-establishing discharged soldiers in civilian' life Inis loan is to have a currency of twelve years, and will hear interest at the rate of 51 per cent. The'bonds are to be issued in denominations of .£IOO, ,£SOU. and J3IOOO. Stock will not bo issued) for any sum less than £100, and any tmm issued in excess of that figure must bo in the multiple-of ten. Interest is to fc« paid half-yearly on January lo and .Tuh-15. and will not be free of income tax. The first interest will lie paid on July 15 19n. To enable peonle of moderate means to'subscribe to the loan an issue of Post Office certificates .will be made, with interest compounded at the end ot five and te.u years. In this manner small investor* will be able to purchase for lis. 9d. a certificate that will be worth .€l"in ten years' tune, and they will he able- to buy five-year XI certihcato? for 15s. 4d. For those who wish to invest pounds rather than shillings, Mi worth of ten-year certificates will be purchasable for .£5 17s. 6d. To enable the public to purchase these certificate readily the Secretary for the Post and Telegraph Department (Mr. A. Marknwnf has made arrangements tor anumber of citizens to explain the details of the loan at convenient places in the citv from to-day, and-there will be those with them who will be prepared to.do business with the public there and then. "It-is not necessary for me (writes the Prime Minister (Mr. Massey) to stress ] the point that subscriptions to this loan , (the last of,the war series} should be madeasfreelvandspontaneouslv as (possible, even if, in the subscription, sacrifices are entailed. The men for whose benefit, it is betas raised did not hesitate when the call for .sacrifice came to them,, and it is to. their ready resr-cTwe and action in the time of national p«m that we owe tho preservation of our homes and liberties to-day. They wok their lives in their hands, many of. them have returned crippled and otherwise disabled from the war, while more than 16.000 made the supreme sacrifice, and are numbered with our 'glorious dead, whoso name liveth tor evermore, and whose example silently appeals to us that while we should cherish their memories and care tor their dependants, we should not overlook the claims of then fellows who, bavin? in the order ol_ Providence, survived the fiery ordeal of battle, have returned to us, and have to be resettled in civilian life. lho loan itself is of the reproductive order, and eventually every penny of the money subscribed will be returned to the Mate, rt is offered on liberal terms; the security is good'; the whole credit of the State if at its back, and the duty of finding the money is incumbent upon. us. ino men in whose interests it is being raised are wortliy of all tho assistance we can give them, and, while subscrintion "<* been made compulsory, I feel sure it Mill not be necessary to enforce the pen. alising clauses of the Act which authorii, it<= flotation. We want a quick Response' in the shortest possible time.