AUSTRALIAN WAR LOAN.
A SPLENDID SUCCESS
AUCKLAND, April 30.
i Tlio splendid success of the sixth Aus- ‘ ti'iilian AYnr. Loan was referred to in-aii ini(Tview/hy .Mr Denison Miller, Governor of the Commonwealth Rank, who is visiting Auckland. Up to the time Mr Miller left Australia the final returns had not conic to hand, but it- was certain that the loan would be over-subscribed At the time of the receipt of Mr Millers last information over 175,000 people or institutions bad applied for scrip, and ' £44,000,000, had been lent In the ‘'Government for war purposes. The subseriptions to the first five Commonwealth loans totalled £101,440,3-10, or an average of over £20,000,000 each. "With the sixth war loan, however, after a flowing for the amount of £5,000,001) obtained l>y the sale of war savings certificates, to date the total amount, subscribed for war purposes was, in round figures, £147,000,000. Mr Miller said that only a comparatively small portion of the wealth of/the Commonwealth had so far'been devoted ,to war purposes. ' '-iingement under . which banks made advances to enable customers to invest in loans charging interest at only 4 per cent., had enabled numbers of people to invest who would otherwise have been ; unable to do so to anything like the same amount. >
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Hokitika Guardian, 4 May 1918, Page 1
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210AUSTRALIAN WAR LOAN. Hokitika Guardian, 4 May 1918, Page 1
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