THE WAR LOAN.

Taranaki Daily News, 29 August 1917, Page 5

THE WAR LOAN.

*WHJH3OKY SUBSCRIPTION. WBEAJLS OP THE SCHEIE. Wi»r-Special Correspondent. 'Wellington, Last Xight. !™ M*tion of the Finance Act dealing with * compulsory subscriptions to the *W Mrposes loan states that it Khali bs •**toty of every taxpayer who,* tax•Mrincome for the !:-vme for the in-, elule<i Ma,lh 3l> ISIT - ■*ot tea* than seven hundred pounds to •oh«erft# to the war purposes loan of J WW aa amount equal to three times P» total amount of the land tax and bourne tax (exclusive of excess profits totf} for which he was liable under the Hm»o» Act of 191«. provided that no *ngM*m to subscribe to thai loan •taR be enforceable under this section Mtfl * notice under the hand of the Cowmiwioner of Taxes is served on the i *MB»J«r. If M y taxpayer to whom I Ml •action relate* has subscribed to the Wn authorised to be raised by section StfrtHht of the Finance Act, lOlfl. an Mmaft exceeding one and a half times the amount of tax for which he was JWh « aforesaid, the amount so conbabated by him in execs* shall be defatted from the amount which he is sjUtpd under thi* section to subscribe *» "t *ar purposes loan, and his obfa#fam to subscribe to that loan shall he modified accordingly. If any taxW *• •whom this section relates has tot esbscribed an y amount to the m« laws, tM amount which he is obliged to •ntaeribe to the war purposes loan, m~, Ma be increased by an amount equal to «Bt and a half time* the amount of Md and income-tat (exclusive of excess profits duty) for which he was liable under the Finance Act, 1916. If any taxpayer to whom this section relates ha* subscribed to the 1916 loan an Knout less than one and a fealf times the amount of land tax and income tax (tttlmdTe of execs* profits duty) for Which he was liable under the Finance Act, 1016, the amount which he is cidjgtd to subscribe to the -war purposes loan, 1017, shall be increased by an amount equal to the difference between the amount so subscribed by him and one and a half times the amount of tax aforesaid. If the Commissioner of Taxes has ' (Wen to believe that any person has Mt tuhecrfbed to the war purposes loan, ivl?, to the extent to which he is bound •» to do by this section, he may by direatkm of the Minister of finance call spaa that person to subscribe to that lean an amount to be specified, not exSMdiaff in. the aggregate the amount whisk by this section he is obliged to smheerlbe. Any person upon whom a awttse under this section is served mav within fourteen day* appeal to the Comsjfarfaawr of Taxes, and may on appeal arodne* evidence to show cause why he Iboajd net he bound to comply with the ssrn* of the notice. If on the bearing af as appeal under this section it is swted that the appellant has subscribed to any war fund or other patriotic fund a eesmection with the war, the Commresioaer shall deduct the total amount of/ Mak fubseriptions from the amount whieh the appellant is obliged to subMrib* to the war purposes loan. The Commissioner mav on any appeal exempt (he appellant either wholly or in part bom his obligation to subscribe to the WW, or may allow time for the payment af ties whole or any portior. of the aafltnt demanded, or he may dismiss the •Meal Tor the purposes of an appeal the •Vmmissioner may have a*=otiated with MB the Secretary to the Treasury and the Severnmeat Insurance Coinmisatsner, but the determination of every each appeal shall be with the CVmmisctoocr of Taxes. If any perun on whom a notice is ttlved under this section, and who has tot appealed, or vhose appeal has not toss allowed, fails to comply with the term* of that notice, or with the terms *( that notice at modified by th,c ComBdssioner on ap. E.i ho stall be rare able by ..ay of p.- -..t; .\itii an a Mk'ol:at penal tax equal to double the to:a! amount of the land tax and income tax Uxehuiv* 01 ex.es pronu dutyl pa.. iMe by him under the Finance Ai't I'M. ! Che Governoi-Gericra! may by Order-in-Council make such rtgulations as may m deeuied neces«ar or the purple of ] pving rilect to ti>c ; roiuioua oi tbU Matins. TOTAL AMOU.NI NOV.' £1,;7d,000. \4 STEADY FLOW. By l.">jr;.-'- TV' '="■-":- : ->n. V. ■ A ■: « : V-Vit. Oitr '.tie ju-i '.''r.. : ■•at-.'- tiiPi •"■ Hi r'iUi. i» uo» re;HTt-.t T'i-r- is a 'le*. 1 ;. J.■.;!;. ?■ v ff -...'-•-..•TV :"..r>-, i-i ' nifi : l ,» v.c- i-an. T' « to'.-i! lti'9l! h:li 1. ■ ■' r«. '■ 1 C "T*.fi"> > I Ptir.- :.. -. '-■;>r" ■ '■- ' ih.- : i#r::j '•'■ ..'- : -.h =.i'"r-' ; <-•■•- ■'■■■■'-Wnr-i', isrLui i- 1 . ti '• T'" ! ■■'• • t ■. • ■- !•■-• luu-a* t<; ti!'.- 'var V..r : ! '. ■ ■ !-: -•■;)• This M.Pi ?!•. '*•!• >a:t'j !»!. a great "amount of tro rile in >,■ !;':i <'..fh i'.r■ estlnj their tu'.ney, md «n;:ire* that thny will lo'e no'in«re«t for tb» c'lirrent 'inooth on any n"D<"T which it us in'T.leJ to invest in tar ioan'lfon'U vt 'wrip. A wel!»Vliowii st-tMer in tho Dominion US a?- lied for f-WW worth of in wrlbei stock. The Oamsrn Harbor bud hat decided tp iniest £OOOO of it* teds ha the war loan. Ae far as -the transa«tions through the rtt office are concern*!, 'mvestnifts in per cent, bonds amount,to a Urgtx aim than those in war loin certificates. Mcribsd stock, or Treasury war bendi, MOST PEOMPT AXD EFFECTUAL FOR BAT> corns. When yon have a bad cold you "rant a remedy that will not only trite relief. but effect a trompt and permanent cure, a remedy that b> pleasant to take, a ssjmedy that contains nothing injurious Chamberlain's Cough Remedy meets all these requirements. It acts on Nature's elan, relieves the lungs, aids expectoration, opens the secretions and restores (he system to a healthy condition. This remedy has a world- *ide sale and use, j tad tan always be depended upon. tWd everywhere. rwjRAHiyS BEaCLATING PTLLS. Alt but and most successful. Promptly itlieve every distressing symptom. No fairaree. Every ease successfully treated. •/• a box P»st tree by return mail Bridge Drug Stores, Hail Order ChcmUU aid gpeeiauat*, Newton, Auckland. BUT BBITISH AVOK TYRES. T& meat durable of all Tyres are \VOJKS. Tlwy bate a tread of toughest and »c»t resfiient robber, and fabric

| showing- clearly that the small investor ■ fully m ■predates the provision made by the Jlruster of Finance to meet hia reI quirements. Evidence is coming to hand from all parts of the Dominion that Sir Joseph Ward's letter? have stirred local bodies, clergy, and school teacher* into effective action, and his secretary is being deluged with replies 0/ a most favorable an J enthusiastic nature. If good Wishes and promises of support will make the war loan a fucccss it will certainr be a very marked one. The press throughout the Dominion is supporting the loan with unanimity unprecedented in the hit-lory of anv former national movment in Now Zealand. I The .Minister has sent a letter to ail secretaries of friendly societies pointing out that the war loan affords these sot'ctiei an oxceller.t opportunity for in- '. vestment of trust fund-. The State security, regular and prompt payment of mtore-'t, and facility for prompt iiqnidation in ease of necessity, all tend to mak? the war loan bonds a security which should be eagerly sought after, quite apart from any question of patriotism. At this great crisis patriotism ii'iouM be placed in the foreground. He B'.ks: ' What better investment could 1m fousd tb-a one which, while desirable from a financial standpoint, will ;Jso help to provide the necessary food, clothing, and munitions for our brave army at the front? Shall we desert them in their hour of need' Shall tho lives already given be in vain? I hear you tay, 'A thousand times No.' Yet to give them full power to overcome the enemy all the meney up can raiso is absolutely necessary, and I feel sure four society will invest as much as pos«ible in the war loan." SPIRITED ACTIOX BY COMMERCIAL TRAVELLERS. Wellington. Last Night. The Commercial Travellers' Club has declared: "As the result of an active canvass within our own ranks wc have secured subscriptions to the Liberty Loan aggregating 101,000." They confidently expect to increase the amount by the end of the week to £75.000. The whole sum will be obtained from the members and go to the Treasury free of all charges.