THE WAR LOAN.

Taranaki Daily News, 24 August 1916, Page 5

THE WAR LOAN.

SUBSTANTIAL ADDITION& EXPECTED. (From Oui Own Correspondent,) ' -pi , el|in gton, August 22. The ji'lmister for Finance stated this evening that lie had received very manv congratulations, from within New Zealand and without, concerning the success of the War Loan. The raising of so large a sum in a small country fop war purposes was rightly regarded as an achievement of which the people ot the Dominion could be proud. The Minister mentioned to your cor* respondent that he expected to receive still some substantial additions to the .€0,2:i0,000 subscribed up to Monday evening. Further sums had been reachin*: the Treasury during the day and inquiries had been received from persons who wished to invest fairly large sums and who wished to know- if the opportunity was still open to them. lie sale of War Loan certificates to tho general public in tho denominations of £1 and £lO was continuing briskly and he bad no dovibt at all a large amount of money vva s going to be derived from * this source. The chance of contributing in some way towards the cost of prosecuting the war had been welcomed by many hundreds of people whose means were not large, but whoßt. patriotism was great.

CERTIFICATES AVAILABLE THJ ■ END OF YEAR. Wellington, Last Night fn reply to an enquiry as to hotf long the war loan certificates from £1 to £SO would be obtainable from the Post Office by investors, Sir Joseph i Ward stated to-night that his idea was to keep this part of the loan open until the end of November or December. This would give full opportunity to all small investors throughout the country, who desired to purchase certificates to do so, and would give ample time to the people of the Dominion to consider fully the advantages of the scheme, as liny amount that was contributed this way' for war expenditure could be readily used by the country. There was nd good reason, so far as he could judge, , for closing dowii upon applicants at) ' an early date. ' " > . In an interview, Sir Joseph Ward stated that the excess of deposits over withdrawals in the Post Office Savings Bank for the month of July was £372,700, and that the amount of ex- ■■= cess corresponding month of last .year was £210,520. The euMs of deposits over withdrawals for the seven ■months. January to July, of this year was £2,340,957. 1