THE WAR LOAN.

Manawatu Herald, Volume XL, Issue 1812, 11 April 1918, Page 2

THE WAR LOAN.

THE date of closing of the War Loan is Monday next, 15th inst. .There are not many days to go now, and those who are able to make, large subscriptions, if they, have not done so already, should no longer delay. In any ease, what they fail to do voluntarily they will have to do by compulsion. Of that the Minister has left no one in doubt; and, indeed, the present critical state of the war leaves him no option but to Get the Money. The Post says that the Minister may yet ,have to raise by way of loan £IOO,000,000. Asit is, assuming the £9,,500,000 to be fully subscribed, he will have obtained already in the country over £37,000,000, and the end of the, war nowhere in sight. That is the plain English of it.' In a practical patriotic 'spirit, the Commercial Travellers’ Association is out with a tank in ''Wellington collecting subscriptions to the War Loan, large and small. The tank has become a, bank for the purpose. ■ This effect is purely voluntary, and it well be directed mainly to subscribers who will be volnunteers too, inasmuch as most of them are likely to be exempt from compulsory subscription to War Loans by their income not exceeding £7OO per annum. The success of the tank in Australia, as in Great Britain and the United States, has been great. In Sydney and Melbourne alone, the aggregate subscriptions per tank amount to 37,155,000. There is no reason why New Zealand’s effort should not be proportionately large. It should be possible, comments the Post, t<| raise by tank in each of the four centres at least £25,000, making £IOO,OOO only. This is a very low estimate. But £IOO,OOO will help, especially as it is to be regarded not as money given but lent. The time is short, but by Monday next the Minister must have at least £9,500,000. The need was never greater.