FINAL VICTORY LOAN

Taranaki Daily News, 8 April 1919, Page 2

FINAL VICTORY LOAN

| APPEAL BY MINISTER By telegraph.—Press Association. [ Wellington, April 1. Speaking to our representative in regard to me Final Victory Loan oi ten .million pounds, authorised by the last session of Parliament, the Hon. Arthur Myers, Acting-Minister of Finance, remarked that although a fair amount of money has already been subscribed to tihis loan through the Treasury, it is apparent that some people do not realise that the compulsory clauses of the Finance Act still operate, or that the raising of the amount in question is equally as important as those, sums which were floated during the actual period of hostilities. "Our part in this war is not * complete," said Mr Myers, "until we have fully honored the obligations we entered into with the object of playing our part, in the winning of the great victory that has crowned the efforts of the Empire and our Allies. It must he re membered.. that not only is there 0011 tiquing expenditure on account of our Military forces until demobilisation, but there is also a large liability in respect of gratuities io soldiers, cost of repatriation, etc. Until our monetary responsibilities in every shape have been completely met it is our duty to maintain our financial effort at full war strength." "It may be well at this juncture," added the Minister, "to give a reminder that those taxpayers not found to be subscribing adequately to tile war loan will be approached under the compulsory clauses of tilie Finance Act with a view of ensuring their making contributions to the loan commensurate with their means. The rate of interest payable on subscriptions exacted compulsorily is. of course, 3 per cent only. However. I feel assured that the urgency of the need for continued investment in war loan stock has only to be placed before the notice of the country to bo at once Tecognised and complied with.

'Having regard to our large expenditure'on account of war debt," concluded Mr Myers, "I therefore desire again to point out that to my mind the duty of each citizen is no less obvious now than it was during the period of the war—to produce to the fullest extent of his powers, to cultivate a reasonable economy ami thrift, and to lend everything possible to the State per medium of the war loap."