The Chronicle PUBLISHED DAILY. LEVIN. SATURDAY, SEPTEMBER 4, 1915.

Horowhenua Chronicle, 8 September 1915, Page 2

The Chronicle PUBLISHED DAILY. LEVIN. SATURDAY, SEPTEMBER 4, 1915.

\\ I',J;N J'-SDA 'i , bhi' i. H.»iu. L'L bLK h.\iiJWi lu.\. . ! a;oi ,i if v. \ear.-.' pi'iiect•.i ;; jC..ri»K "'I t-'M iii rj ii, •,,ii jiv pub i .• Lieut . J /.ealaliu i\ iliiiji scVrlli.N )«•: 11iiuii) iii c [in in uay, ami il- is ph-a.-.ng Ki ijoie inai a utile ha* in"."; toward: ilk- '.-nil m uev, . though tiic yeat «\4>i , u<iiiim\s i.'U uariiiiiii oi i in 1 nai' will ii[).:i'i all piviii:.:.- ealeulailv. M.iv-ni!\ iin: p : ibiie debt. oi .t: v. Acllililiu !> iai v• I tu u.' a iiiiauciai "old iii.iii UI liic a ' lu be-ii hie tin.' jii i:i.v . , ji . - Li-r 11 j : uiil no doubt 1 lie j/'iiOiie lii'ui i'Jxtinet;oi; a ; Mill keep ii »j:r l.nilK iuni wei.L'j t m t; u • vol- ;. c i!a>c ii.'i 'i-.. ii ;> j; Ii uncrrtt :: I r[i-111 oil i jit' Ac: imm ».••! hi i'ai'.iaJIII'IH 'i,j .lie .\'cu /-rammi v<aitrullrr :, i;'i .uiu;ii,i -■> Tiit'i ai i,t ..loncl I oihn.-,). i ll'.' rt-j.'i 'I l eel lIIU'I- lj;;i i "i ho ainollUL i i i.s,- pisulic ueoi ..l .Vu Zealand. as <• :cii i,i i .-i.vi iui: _ o, tin' -viid Act. 'ill iiio ••!.-,.. ila,> hi .Mai'i'ii. i'.Uu, Jiy .M'dioii ■) til liic said Hi making in.: calculation iieees;stry lor a-cei -laiuing liir mihus leijiiirod ;o he iuvtvu d alllliiaiiy in obtain a riipnai .-urn fij'ial lu tin.' debt in -m'\ t.-JiL\-ii\u .war-. tlir portion (.'I i>l)i• million [inniiu-. ill rXfi'.-h oi 111<■ la.st whole million oi the public debt idiall be leckoiii'l a.> one inillioii. !'or the purpose ol Ihe AiKliti'i'-Gi iieralV- certificate liere

jjjveii die luhil public <U• ijr initsl liicroloro !'i,ii.-ii|('i'c;i a> L'Sl.OUO.ffiO. Isy m>c~ uuii 10 lho &aid Act. alter the end ol till' financial year cii'liiii; on day ill' .March, 1!'i•!>. the interest.. 111Moad ill 'm■ ii calculaled at I'l per cent ma per aniiiim. >iiali ue tho actual iiwiiipC not interest earned by 1J i e iiunl.s invested under this Act during lho [jrevion.x three year*. Tho actual average not rate of interot to onineil (luting, tlio tliroo years to the day ot .March. |jax boon ascertained to hi i'l Is .'id |km' centum per annuin. Tho *11111 required to ho invested each yoar at compound interest at i'i Is Hd per coiitiiin per annum winch 'would ill pevcnty-lii-o years amount to L*53.000.000 is l! 101.870.'' Notwithstanding the war. 11l ore cause to hope tliatf Parliament will soot ]kit this r- i 11 1-; i n tuinl lio lift in isa ppropriatod ax a previous lund was: and that u lion tho 'wicked cease irom Iroubliiip; a' ihe seat of war a further effort will lie made lo wipe out inc additional inciibu.s of debt now accumulating.