The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER MONDAY, AUGUST 21, 1916. WHERE ALL MAY HELP.

Stratford Evening Post, Volume XXXI, Issue 19, 21 August 1916, Page 4

The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER MONDAY, AUGUST 21, 1916. WHERE ALL MAY HELP.

A truly golden opportunity is now offering for everyone to assist in making Now Zealand’s war loan a success and thus helping to win the war. More cannot he asked of the sons and brothers who have gone to the front for they are offering their lives for their country’s sake and the world’s freedom, but for those of us to whom the privilege of lighting in the trenches is denied there yet remains the privilege of firing a silver bullet or so. The Government directly appeals to the people for £8,000,000, because up to March 31st last the war had already cost New Zealand that sum and the necessary expenditure is daily growing. Hitherto almost all the money has been advanced to us by the Motherland, but we have no right to ask England in this time of mighty

stress to boar all our burdens. We have stated these things more than once before, but they cannot be too often said. This is now all the people’s chance to do something, and the man or woman who would without hesitation spend a pound or more in a pleasure trip might well take up at least one war certificate. Subscribers of £1 put down lbs and receive 41

per cent, per annum on their money for live years, when they receive £l hack in cash, and subscribers who take up a £lO certificate put down £B, and receive the same rate of interest and their money back, or £lO in all, at the end of the term. This interest.

of 11 per cent, free of income lax is a high rate of interest. Good security low rates, indifferent security high rates, is the rule; hut the security of the War Loan is the whole of the Dominion. A correspondent of one Wellington paper in pointing out the paramount importance to every individnalj in the Dominion, who considers he can do it, to subscribe his mite to this loan, shows that the interest on £B,-' 000,000 amounts to £300,000 per annum, which will he spent in the Dominion. Assuming that two-thirds ol the amount is subscribed for fourteen years and one-third lor twenty-live vears. This would represent a total of £0.360.000 by way of interest for the whole period. If raised in London there would he the difference in flotation expenses of at least £IBO,OOO, and a huge sum for discount, at which the loan would have to he issued. He also patriotically suggests that wo doubly subscribe the loan because we have the money, and a good deal of it made ouD oi the war, while il our arm’s were not successful it would he of no use to us. Apart from all this New Zealand, having practically given the lead to the overseas Dominions in most matters relating to the war, must not allow her neighbours to pass ahead in the matter ol internal finance, which will, to some extent, relieve the Mother Counliw in respect of the enormous and increasing financial burden she carries without a murmur, in order to retain the ; independence of the Nation and that iof her brave Allies. M e can, all of us, at least help with a handful of silj ver bullets! I