THE WAR LOAN.

Hokitika Guardian, 1 September 1917, Page 3

THE WAR LOAN.

[per press ASSOCIATION.—COPYRIGHT.] NEARING THREE MILLION MARK. GREAT DEMAND FOR CERTIFICATES. WELLINGTON, August 31. Reports with reference to the war loan still continue' to he encouraging and the amount now down in ‘Wellington is £2,885,000, but it will not bo until the close of to-day’s business j that the receipt at the smaller country offices which serve ;; large number of moneyed men will be known. The demand for war loan certificates is so large that a further issue will have to •e printed. There seems to be a mistaken idea abroad that tho Post Office 5 per cent, bonds cannot bo purchased by anyone who is paying income tax. 'fliis is entirely wrong. Tho Post Office 5 per cent bonds can be purchased by any person or society wlmt•ver, so long as th* amount does not exceed £SOO for each person or society. At the present the Post" Office takes custody of the war loan certificates without charge, hut ait soon as the necessary safes which have been ordered by cable from England reach New Zealand, it is proposed to establish in all larger centres a safe deposit system, which will enable the Post Office to also tako custody of Treasury bonds, or Post Office Ronds. This system will also extend to valuable documents such as deeds, wills, mortgage deeds, etc., and a small annual fee will be charged according to the size

I of' the package, with nocefis at certain , stated times.

Another large Wellington Company i has decided to invest £25,000 of its j funds in the war loan. The Public Service Superannuation Board at its meeting this afternoon decided to in-

vest £IO,OOO in tho war loan. This represents all the uninvested capital at the present in the Board’s hand. Among individual contributions-to the lban may be mentioned one of £12,000 in Auckland and one. of £SOOO and

other of £2OOO in Christchurch; also £IOOO at Manaia and another £IOOO at Ilawera.

The public who wish to convert war loan certificates into Post Offico war bonds are requested to defer making application until after the close of the loan. The date of conversion' will not in any way affect the interest payable, as'they will ho allowed the present value, of the war loan .certificates'up to the day on which Post Offico bonds are issued.

INY KR CARGILL SUBSCRIPTIONS INVERCARGILL, August 31.

I Following arc the Invercargill in- ! vestments in the War Loan made durJ ing the last two days: —Southland Frozen Meat Co., £12,000; Murray’s Ltd., £5000: two business..' firms £5,000 and £4.000 respectively and two citizens £2OOO and £IOOO respectively. SUBSCRIPTIONS TO LOAN , DUNEDIN, Sept. 1. A public company whose headquarters are at Dunedin has subscribed €50,000 to the War Loan. ' The Citizen Council renewal - fund commissioners have subscribed £IO,OOO.