SIX-MILLION LOAN.

Taranaki Daily News, 18 December 1920, Page 5

SIX-MILLION LOAN.

THE TIME EXTENDED. By Talecraoh.—Press Association. Wellington, Deo. 17. "Wo have not got all'that we asked for but, taking everything into consideration, there is little reason for complaint or dissatiafaction,'' aaiil Mr. Massey, when questioned an to the progress made with the floating of the £11,000,000 loan. A very 'large proportion of the money which has come to hand is from small investors who are evidently satisfied with the country as security and with the rate of interest.

Voluntary investments will he received until tlio end of the year, after which if the amount required is not readied it will be necessary to bring the compulsory section of the Act into operation. _ ME. MASSEY OPTIMISTIC. Wellington, Last Night. Mr. Massey stated to-night that he was not ready yet to make an announcement as to the amount of money contributed to the soldiers' settlement loan. Money was still reaching the Treasury, and past experience indicated that subscriptions would continue to come along in future weeks. If the application of the compulsory provisions beeamo necessary in order to produce the full amount required for the repatriation of soldiers, the steps would be taken after the holidays. Mr. Massey indicated he was by no means alarmed by the fact that the whole of the six million had not been subscribed within the period allowed. He realised that many people, while willing to do their duty in regard to the loan, wore having some temporary diffi. culty owing to the tightness of the money market. He did not doubt that the great majority of the people who were liable to subscribe to the loan would do so without waiting for compulsion.