THE NEW WAR LOAN.
PLACED OX MARKET IN MARCH. STATEMENT MY. MINISTER OF FINANCE. By Telegraph.—Press Association. Chrißtclmrch, Feb. fl, Sir Joseph Ward stated to-day thai the new war Joan would be placed on I lie market some time next month. He wan not sure what the sum would be, bi)t it ■would be under £10,000,000, probably a few thousands over £0,000,000. The actual sum depended to a large extent on the money coming in from the wai hfyx certificates issued from the post offices. They had come in fairly freely for some time, and the more that came ir the less would be the loan.
Sir Joseph Ward explained that thfr loan would be the balance of the authorities from the old loan of £28,000,000 He said that if the war continues until the end «f July next the sum would no) be sufficient to meet the Dominion's requirements beyond that date, If furthel loot's were required, Parliament's authority writf'd be asked to raise them during the short session in April, which would be conducted on the principles established by the snort sahsion in 1909. It would bo very short. There would be no budget, but'probably a statement o) finances pould be submitted, and tha budget would come down at tha ordinary session.
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Taranaki Daily News, 11 February 1918, Page 4
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214THE NEW WAR LOAN. Taranaki Daily News, 11 February 1918, Page 4
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