THE WAR LOAN.

Rangitikei Advocate and Manawatu Argus, Volume XLI, Issue 11652, 22 August 1916, Page 4

THE WAR LOAN.

“IT IS ALL RIGHT.”

A SPLENDID RESULT.

STILL SELLING BONDS.

Per Press Association. Wellington, Aug. 31

“It is all right,” said the Minister for Finance, when asked by a reporter to-night as to the amount-of success that Lari attended the issue of "the War Loan. “Over nine and a quarter millions have been subscribed. Applications for war bonds through the Post Office totalled £1,337,300. Applications for War Loan certificates through the Post Office amounted to £357,148. Applications for war bonds through the bdti&s amounted to £1,600.050. Applications were made though the Treasury direct for £668,100, and applications direct by banks themselves were £4.000,000, of which the Bank of New Zealand applied for £3,000,000. Then there were sundry applications of various kinds outside of these, totalling £1,516,000. “Though the date for the closiug of the main loan was .fixed for today,” added Sir Joseph Ward, “any intending applicants who send along their requests during the'next week or so—-up to September Ist, in fact —will be received. 1 should expect to find that will mean probably another £300,000 or £300,000 at least. It is hardly necessary to say that the result is eminently satisfactory. It shows that those in the'country, of small means as those of moderate and of large means, recogflise the importance of the occasion and that the vital character of the interests of the country, from the point of view of national assistance in the way of funds needed tor war purposes, has been realised by them. Apart from the fact that the investment is ~a good one, it demonstrates that when the Government appeal to the people to help to provide the sinews of war to secure victory, which we look forward to winning—l hope before many months pass by—the response from the people is very tine indeed. “The War Loan has been oversubscribed, and bn behalf of the country I retain the full amount. Allotment will be made in full to all who have subscribed. Only eight millions were asked for locally, but Parliament authorised sixteen millions in all, and the need for the money for war purposes is such that the surplus can be readily availed of so that there will be no disappointed applicants.” THE RESULT TO DATE. SIR JOSEPH WARD PLEASED. GRAND AUGURY FOR THE FUTURE.

Wellington, Aug. 21

“I am glad to be able to inform the people of New Zealand that applications for the War Loan total a little over nine ana a quarter millions. This is eminently satisfactory, and speaks eloquently of the fine feeling of the inhabitants and their desire to be associated with the Motherland in helping in an unparalleled crisis. Happily at present the signs of victory are more pronounced than has been the case since ths beginning of the struggle, and the subscription of such a large sum of money in ten days from the most distant of theoveisea dominions is a happy augury for the future.—J. G. WARD.”

THE RUSH FOR INVESTMENT,

Palmerston N., Aug. 21

Bonds sold at ihe Post Office total to date £14,1150, and certificates total £9813.

Dunedin, Aug. 21,

A scene of exceptional activity was witnessed at the Post Office today, when subscribers to the WarLoan thronged the money order office daring practically the whole of the business Hours.

Christchurch, Aug. 21

Post Office officials stated to-night that they could not give any figures for publication, but they indicated clearly that the business done, both in war bonds and certificates, bad been extremely satisfactory. There was a'big’rnsh for certificates to day. The Post Office Bank was crowded throughout the day, people lining up five and six deep at the counters, without a break.