FINAL VICTORY LOAN.

Manawatu Herald, Volume XLI, Issue 1962, 8 April 1919, Page 3

FINAL VICTORY LOAN.

SUBSCRIPTIONS THROUGH THE

TREASURY. THE COMPULSORY CLAUSES, Speaking In a Post reporter 'with regard to Iho linal Vietory Loan of ton million pounds, authorised hy (lie last session of Parliament, (ho Hon. Arthur Myers, Acting-Minister of Einance, remarked that although a fair amount of money has already been subscribed to this loan-through the Treasury, it is apparent that souk 1 people do not realise that the compulsory clauses of (lie Finance Act still operate, or that the raising of the amount in question is equally as important as those sums which were lloalcd during the actual period of hostilities, “Our part in this war is not complete,” said Mr Myers, “until we lane fully honoured the obligations we entered into with the object of playing our part in the winning of the great victory that has crowned the efforts of the Empire and our Allies. It must be remembered that not only is there continuing expenditure on account of our military forces until demobilisation, hat there is also a large liability in respect of gratuities to soldiers, cost of repatriation, etc. Until our monetary responsibilities in every shape have been completely met, it is our duly to maintain our Jhmneial effort at full war strength. “It may he well, at this juncture,” added the .Minister, “to give a reminder that those taxpayers not found to he subscribing adequately to the "War Loan will be approached, under the compulsory clauses of the Finance Act, with a view of ensuring their making contributions to the loan commensurate with their means. The rate of interest payable on subscriptions exacted compulsorily is, of course, 3 per cent, only. However, I feel assured (hat the urgency of the need for continued investment in War Loan Stock has only to he placed before the notice of (lie country to he at once recognised and complied with. “Having regard to our large expenditure on account of war debt,” concluded Air Alycrs, “1 therefore desire again to point out that to my mind (he duty of each citizen is no less obviously now than it evas during the period of the war, to produce to Hie fullest extent of his powers, to cultivate a reasonable economy and thrift, and to lend everything possible to the State, per medium of the War Loan.”