LOCAL WAR LOAN

Lyttelton Times, Volume CXVII, Issue 17288, 2 October 1916, Page 11

LOCAL WAR LOAN

5<175 SUBSCRIBERS. A GENEROUS RESPONSE. It has already been made public that the New Zealand War Loan ot £8.000,00!) has been oversubscribed to the amount of £2,0(30,000, bringing the total of voluntary patriotic subscriptions up to £10,000,000. This, of course, applies only to the purchaso of bonds, and not to tho War Loan certificates, which already approximate tho million.

Speaking on the subject to a " Post" reporter on Saturday, tho Hon Arthur M. Myers (Acting-Minister of Finance) gavo some interesting details of the way in which tho New Zealand public has subscribed. "The total applications," said tho Minister, "number 5475, which, of course, means that that number of people patriotically assisted tho State by purchasing War Loan bonds of some value or other.*' Some idea of tue amounts in which tho various investments were mado may bo gathered from the following figures : In the twenty-fivo years currency bonds, 131 peoplo invested amounts ranging up to £100; 459 from £lol to £500; 82 from £5Ol to £1000;lOp from £lOOl to £5000; 10 over £SOOO. Total number of applications, 81o\ In tho fourteen years' currency bonds, 1866 people invested amounts ranging up to £100; 1932 from £lOl to £.00; 492 from £5Ol to £1000; 274 from £lOOl to £5000; 48 over £oooo. Total, 404.2 applications. . These two sets,of figures form a grand total of 1997 in amounts ranging up to £IOO- 2471 from £lOl to £oOO; 5(4 from £5Ol to £1000; 309 from £lOOl to £5000; 64 over £oooo. \s to tho amount of the debenture,, it is interesting to note that there was one issue of £250,000 for a term oi twentv-live years. The debentures for the twrU*n years' currency wero:-£oo 5,6 talling £288,200; £IOO, . 11,1221, totull" £112,200; £SOO, .1.153, totaling £576 500; £IOOO, 307, tota mg IsOTOOO £SOOO, 25, totaHing iSS; £IO,OOO, 25, totalling £250,000. . Twentv-fivo years' currency returns. -mZ £47,300; 2305 for £230,500; 434 for £217,000; 290 for £290,000; 31 for £310,000.