The Levin Chronicle. TUESDAY, APRIL 2, 1918.

Levin Daily Chronicle, 2 April 1918, Page 2

The Levin Chronicle. TUESDAY, APRIL 2, 1918.

{ Sir Joseph Ward stales thai it ' is not possible yet to give any iu- ! dication as to how "the Libefty | Loan is being- subscribed, as the | faster holidaj-s- and the end of : the financial year has intervened : and prevented many institutions and firms from giving attention to the matter. _ For "this reason the date of closing- the loan has been extended till April 15, to give intending applicants a clear period in which to make their arrangements. The Minister for .Finance declared it was imperatively necessary that the money should be found. He would like to see the whole of it provided by voluntary subscription, but all the preliminary steps have been taken should the response not be fully made to put the compulsory clause into operation. Men and money are the basic essentials for the Dominion carrying on its share and obligations of the war. The country has done so extraordinarily well, he continued, that it seemed almost superfluous to urge upon everyone who could lend large or small sums, that their duty at the present juncture is to help to make the loan a success. If added incentive were needed, it is to be found in the vast concentrations of the enemy j 011 the West era front at the pre- j sent moment; in the unexampled j nature of the battles and the maa, sing of the enemy forces, sacrificing them by a system of whole- j sale slaughter in the effort to break the Allied front. The ■ heroic, efforts of the British Km- j pire and her Allies will assuredly i prevent what would be a_ world- j wide disaster from occurring, but this can only unhappily be done by a sacrifice of both men and money. The money expended, j though prodigious in its amount, is, in Sir Joseph Ward's opinion, a mere bagatelle compared with

tlio loss of life, Ijul ilio indisputable in ti roma i ;is thai Ilie expenditure of money iuci; r;v<; dm illff ! ilO his! I'OO IllYcs t'i bo 11IU<]<> 1!]) ill ;>]J pal'ls O 1 lill' Empire, and wo r.iiMjol lor il-pro.-sont know even appro\i ma I ely wliat (Hiv financial roquiiomeH 1 ■ dim lo Mii'st' ti!)pa!-ull"U'(i events will bo. Uut the spirit of iho people tll 1 (:SIiUIIII .Xo'.v Zealand, is such (hat l!it»y will no! alio,; any slacken <uv i<»" ike want oi' the ways and. mcai! Ihas lo ');■ kept- in !!iii!<l tine' when tlio • House moots I!iis month. full author;! y lor Iho j-ai-iiig of la r;?o sums for tlio carrying on of tlio war must lie submitled io Pariiamont. Tlioro can La no decrease . in tlio nfrarog'ato auiuunt of \lie m.OH'.'Y required for war expend :~ hire." On ike contrary, the Jomr or tlio war lasis tlio oxpemlii uro must increase propo: iioiiatoiy. Thai' will l)o easily i (»•.(:£?!• isotl ky anyone wkon it is reimnniwml Hint apari altogether from the pay, pensions, most of tlio transport and equipment of our soldiers, ami many oik or incidentals ill pro is a, heavily. inereasin.!.r amount for muni! ions, all of \vhi''h Nov,- Zealand is supplying to onil»le lior citizen soldiers to cany on at tlio front. 1 ntil iho war is over, tkeroforo, the financial vo" • jiiirenients for it cannot ko decreased kv any will or wisk of ilu* Government.