The Taihape Daily Times. AND WAIMARINO ADVOCATE THURSDAY, SEPTEMBER 11, 1919. THE VICTORY WAR LOAN.

Taihape Daily Times, 11 September 1919, Page 4

The Taihape Daily Times. AND WAIMARINO ADVOCATE

THURSDAY, SEPTEMBER 11, 1919. THE VICTORY WAR LOAN.

with which is incorporated “The Taihape Post and Waimarino Newn.”

The Victory War Loan is -again drawn attention to by the Minister of Finance. Applications close in rather more than a fortnight from to-day; the time being short, it may not be inadvisable for all who are able. to take up sonic portion of the loan to consider .Why they should do so while subscriptions are invited. It will be recognised that it is just as necessary and just as much a -part of our duty toithe Empire to pay our war bills as it was to send our best young manhood‘ to stay the enemy that would crush us. The money should go from our pockets and our banking accounts with -the. asamfe enthusiastic lal-acrity as that displayed by our young manhood in going over the top in their deadly struggle with the Germans. In pursance of their public duty they sacrificed their lives; in -sending them to make that sacrifice we incurred monetary liabilities that must be met. It is ya. duty every man fives to himself and I to those’ men who gave their very lives i for ‘their country and their lfomes. Our lpublic duty is merely to lend What lmoney we can ‘spare to the State, and from ‘this public -duty standpoint alone there should be madé available more money than is asked for. There is another inducement .to subscribe to the Victory Loan that will certainly not be disregarded by financial institutions, and that is the interest which, being free of income tax, is -equal to about ‘ six per cent-. If money is loaned pri- ! vately its earnings are subject to what- ; ever increase «of taxation on incomes it gmay be necessary for the coming gov?ernments to levy, -and _here is an "int vestment of the highest. class, at virtu- ‘ ally six per cent, its earnings safe from financial exigencies that «are decidedly more than probable, and as soon as the British money market has somewhat recovered from the I’irst"' shock of war New Zealand free of ‘income tax bonds and stock will be readily saleable in London at a premium. Of course, it V is not to the country’s advantage that ;they should fall into foreign hands, as it is in the best interests of I borrowers and lenders that ‘interest pay. 4 able should be kept in this Dominion. iThen. in addition to performing an ‘urgent public duty and seconding with our money the efforts of the gallant [lads who did our fighting, we are, in ' subscribing to the Victory Loan, taking lop one -of the most attractive investinlenrs it is now possible to invest in_ ‘ There is yet another impomant reason ‘Why those who have money should in- ! vest in the Victory Loan. There is no Q sense of public duty in some men; they do not care how many thousands Q of our young manhood sacrificed their ‘ilives fighting for the right for them gto grow rich; they have no qualms of leonscienee about whether their connitry honours its responsibilities or not; miser-like, they are not attracted by the profitable nature of any investment [that takes their miserly accuriiulated lgold from beyond the clutch of their iwiry claws, and they risk the provis!ions made in the law for conscripting ! their gold. As with that manhood that lwas required for the war, justly so is lit with the -money that is necessary for paying m:u'—bills; it can be given voluntarily, but it niust be contributed, if not voluntarily, then by compulsion. The third inducement is the pressure of the law which stipulates that ‘only three per cent shall be paid for the use of conscripted money. Surely the miserly being or corporation that takes ‘s.uch.risks is in a state of demency, as the amount they can be compelled to contribute is three ti'nle,~;’the average of the land and income lax they are liable for, and then the interest, instead of being virtually six per cent is‘ only three per cent. 'l‘here are two honourable iuducements to subscribe to New Zealand’s Victory \V»ar Loan. one is; a sense of public duty, the second. is the ; splendid nature of the investment; the} third inducement is fraught: with ‘dishonour and loss, it is the compulsion of i the law of the land, it is the whipperin of the miserly laggards who lack sense of public duty, who cannot be induced to do the honourable thing by attractive interest, provided for by statute law. The universal hope is that the list headed “Compulsion” will be‘ an entirely clean sheet. !