THE WAR LOAN.

Rangitikei Advocate and Manawatu Argus, Volume XLI, Issue 11650, 19 August 1916, Page 5

THE WAR LOAN.

FINANCE MINISTER’S STATEMENT Per Press Association. Wellington, August 18, Interviewed to-night, Sir Joseph Ward stated that as some intending subscribers to the War Loan did not apparently see the value of investing for 35-years instead of 14, he would meet the views of those who want to invest for fourteen years by putting them in the same position,' and accept any one sum up to £20,000, to bear interest from the 31stmst. ' At the same time he expressed the opinion that in all probability an opportunity lor a longer term upon such favourable conditions was not likely to arise in this country for many years to come, as the bonds would be readily saleable, and in all probability in the next few years would be at a premium. He could not understand why anybody should by preference select the shorter instead of the longer term, Prom an investment point of view the advantage was on the side of the longer period. CLOSING DAY FOR BONDS. Wellington, August 18. S '«u‘ .misapprehension appears to ex,.' "yarding the time for closing tie ' - re. Sir Joseph Ward to-night so r,i desired it to he made clear t.here was no change in the J i i;e for closing the main Loan, so i".,' applications for bonds of £SO !••! : upwards were concerned—this would close definitely on August 31st. The extension only applies in the case of small investors in certificates for £1 to £SO issuing through the Post Office. PALMERSTON PATRIOTIC SOCIETY. INVESTS £II,OOO.

Palmerston N., August IS The Patriotic Society to-night decided to invest £II,OOO in War Bonds. The War Loan sales at the Post Office to-day aggregated £3346. Wairoa, Aug. 19. At a meeting called to discuss the War Loan, the chairman of the Harbour Board stated that the sinking fund commissioners are putting all surplus funds into the loan. One local, firm subsribed two thousand. It is understood that many other large amounts have been invested. The Peilding and District Patrioic committee met yesterday and decided to invest £SOOO in N. Z. war bonds.