THE WAR LOAN.

Manawatu Herald, Volume XXXVIII, Issue 1598, 15 August 1916, Page 3

THE WAR LOAN.

In connection with the War Loan, the New Zealand Postmaster-Gen-eral (Sir Joseph Ward) has addressed the following letter to every officer of the post and telegraph service: I am addressing you personally with a view to securing your co-operation in making the loan a success. Alen have been leaving the country in thousands, for two years past, for the purpose of fighting its battles, and money is needed as much as men in order to secure victory over the common enemy. You and I have not been able to take any part in the lighting, but we can do our part eftectivelv by finding money to maintain the men who are fighting. Will you assist in subscribing personally and by bringing the matter under the notice of every one of your friends, and urging them to help. The country needs the use of the money ■* now. Hitherto most of the money requh’ed for the war has been obtained from the Old Country, though conditions of life are far harder there than they are here. While there are many New Zealanders brave enough to fight and die for their country, is it to be said of those who stayed behind that they were too mean to pay? I shall he very glad if you will do all in your power to assist in preventing such a reproach being deserved. Many of us are debarred from firing leaden bullets, but we all have a chance of firing silver ones now. Discussing the proposal of the Government to issue loan certificates for the benefit of small investors, the Christchurch Press says; —These range from £1 to £SO in face value, and have a currency of five years. A certificate can he purchased for It is, which will be worth £1 in five years’ time. The highest, denomination in these certificates is £SO, which can be purchased now for £4O, and the interest bringing up the value to £SO in five years. If the working classes — even the boys and girls who are now earning good wages —can he induced to invest as much as possible in these certificates not lung but good can result from the practice. The new act of self-denial will he beneficial, and they will be gradually creating a nice little nest-egg, which they may find extremely useful in five years’ time, when possibly employment may not. he so plentiful or so well paid as it is now. Employers, heads of educational establishments, trades union executives —all who have any influence with wage-earners, ought to do what they can to encourage l this excellent form of thrift.