THE BRITISH WAT LOAN.

Gisborne Times, Volume XLV, Issue 3982, 15 July 1915, Page 5

THE BRITISH WAT LOAN.

EMOTIONAL SPEECH BY MR McKenna. AS MUCH MONEY AS IS NEEDED SUBSCRIBED. “V DECLARATION TO OUR ENEMIES.” LONDON, July 13. Mr McKenna states that 570 millions have been subscribed to the war loan, apart from converted stock. Mr McKenna, in the House of Commons, protested against the exaggerated estimates of the War Loan appearing in some of the newspapers. The Government did not expect and did not desire subscriptions oi seven hundred millions. Tl' there had been a likelihood of eight hundred millions ho would have closed the list, as an unnecessary disturbance oi business would have been created. There are 550,000 subscribers through the Bank of England totalling five hundred and seventy millions, apart from •i-b.fw Post Office subscribers, totalling fifteen millions, and apart from vonefiers sold. . , , ~ „,, “T cannot speak without emotion, 'he said, “at the efforts made by every class to scrape together resources. We must remember that the markets aio practically closed to the sale of a securities. Thousands would have been willing to sell securities, MM there were no buyers. The result ot the loan is a declaration to our eiu> mies and the Allies that the United Kingdom is faithful to its trust. DINNER TO CANADIAN PREMIER. WHAT CANADAUHA.S ALREADY LONDON, July 13. . At a luncheon given in honor of Sir r. L. Borden, Air Balfour presided. Mr Bonar Law, the High Commissioners, Agents-Generals, and many no ables were present. Sir R E. Borden said Canada bad sent seventy-five thousand men overseas and had seventy-live thousand m training. . Q - 7 > r All- Balfour, referring to bn R. uBorden’s remark that Canada was not a military nation, said: “Neither are the British, Australians, Now Zealanders; 6v South Africans, but they are non-military (nations which iean fight.” RECRUITING BOOM IN AUSTRALIA. STRIKING APPEAL BY PREMIER OF 7 NEW SOUTH AY ALLS. The following appeal has been made by Mr Holman: Are wo prepared 1 to tahe a shaio in the great work of definitely eliminating from the world the curse of Prussian,militarism? Are our children to grow up under the nightmare of gigantic armaments and the fear of war, as we nave done, or shall we help our kinsmen and Allies to seize tho great opportunity now offering to end the cause of it all, and give the world a new era of peace and rest? That is the problem Australia lias to solve. .You can help by enlisting to-day. AV. A. HOLMAN, , Premier of N.S.W.