NEW AUSTRALIAN LOAN

Dominion, Volume 37, Issue 9, 6 October 1943, Page 5

NEW AUSTRALIAN LOAN

To Back Attack Against Japan

■ SYDNEY. October 4. Launching the Fourth Liberty Loan campaign in Sydney the I’rinie Minister, Mr. Curtin, said that the £125,000,000 which was being sought by tlie Government was needed to back the attack against Japan. This reversed the Australian loan slogan from “Lend to Defend” to “Back the Attack.” He added that war expenditure in the current six months would be greater than Australia’s total expenditure in the four years and three months of last war. Australia's national income in 1942-43 was £1,223,000,000 and £562,000,000 had gone to defence. This was an average of £819,000 each day. During August of this year expenditure had risen to more than £47,000,000 —£1,526,000 a day. In tlie Pacific theatre the Japanese were being driven back toward Tokio. Places which the enemy had captured and used as bases to launch acts of destruction against Australia were now being converted into bases from which Allied forces would launch attacks on the Japanese. Australians must regard the Fourth Liberty Loan as a thanksgiving loan. They must give thanks because their capital cities had not suffered the fate of Rotterdam and Coventry.