THE WAR LOAN.

Rangitikei Advocate and Manawatu Argus, Volume XLI, Issue 11648, 17 August 1916, Page 4

THE WAR LOAN.

INVESTMENT OF TRUST MONIES. Per Press Association. Wellington. Aug. IG. Speaking of the War Loan tonight, Sir Joseph Ward said: “Representations lyive been made to me by trustees and others who desire to invest moneys on behalf of trust beneficiaries, and they point out that to break investments now bearing interest and not to receive interest from the Government -upon the whole amount,, would result in loss to those whom they represent. I recognise the difficulty is one that should be met, and I have given instructions to meet eases not only of trustees but of anyone who desires to apply for an investment in war debentures, that interest will be allowed in full on applications up to £3o,ooo—that is a lull six mouths’ interest dating from September Ist, provided the applicants apply not later than the 31st inot. and pay the full amount for wmch they are applying, on or before the end of the present month. Those desiring to invest tor larger sums will be dealt with as announced in the prospectus. I have reason to believe that, speaking generally, it suits larger applicants to have their payments spread over the period named in the prospectus, i.e., six months.”

A PATRIOTIC COMMITTEE INVESTS. Wanganui, August 17. The Wanganui Patriotic Committee has decided to iuvest £IO,OOO in the war loan.