THE WAR LOAN.

Manawatu Herald, Volume XXXIX, Issue 1753, 30 August 1917, Page 3

THE WAR LOAN.

A BANKER’S RECOMMENDATION. Air H. Beanehamp, chairman of the Bank of New Zealand, speaking at a- public meeting in Wellington, said it would be humiliating if New Zealand had now to go outside the country for the money. As indicating that the money was here, he quoted figures showing that bank deposits were twelve millions greater than before the war, while savings bank deposits had increased by ten millions. Exports for three war years were twenty-six millions, and imports three millions greater than in the three preceding years. Great Britain had raised by revenue 1,185 millions, and by loan 3,672 millions for war purposes. He could thoroughly recommend the loan as an investment. The hanks were not receiving a single sixpence commission on subscriptions made through them, hut were offering very liberal terms to intending subscribers; 10 per cent, deposit, 5 per cent, in three. months, 5 per cent, in six months, and the balance in quarterly instalments of 10 per cent. With (he assistance thus given, no man or woman ought to have the least difficulty in pledging his or her means or credit to the fullest extent. ■lf * 51 « GLEROY APPEALED TO. THE BATTLE AGAINST EVIL. A letter has been addressed by (he Alinisler of Finance to the clergy of every denomination as follows ; “There is no period in the history of a nation in which the leaders of its religious life can more properly guide (heir people than when the very existence of national freedom is at slake —when, after pouring out the life-blood of ils noblest sons, the issue still remains undetermined —when a supremo and final effort is required to secure that peace which ever comes after a sne.eessful struggle with evil, “The battle against evil, in whatever form, necessitates sacrifice and brings forth I lie highest qualities of man, Aiodern civilisation, modern life, require that to succeed in any great, undertaking, money must he provided in proportion to the greatness of the object. The war loan now placed before the people of this .Dominion is just as necessary lo success as the soldiers, the munitions, and the commissariat, Without funds to purchase the two taller our bravo defenders would he left an easy prey to a powerful foe. “There is no force more potent in raising a nation lo (he full sense of its responsibility than a spiritual and moral one. Yon are one of (hose whose life is set apart lo nurturing and directing such a force. Alay .1 ask your co-operation in raising the funds necessary to obtain ultimate victory? Many will listen to an appeal from yon who would never he reached through other channels. I am relying upon you for assistance —-for an appeal lo your people based upon the highest motive's —and I know that 1 shall not ask in vain.”