WAR LOAN

Wairarapa Times-Age, 3 September 1941, Page 4

WAR LOAN

OVER £9,000,000 SUBSCRIBED STATEMENT BY MR NASH. NO MORE BORROWING LIKELY IN FINANCIAL YEAR. (By Telegraph—Press Association.) WELLINGTON, This Day. “It is not expected that any more borrowing will be required during the present financial year,” said the ActingPrime Minister, Mr Nash, last night, when announcing that more than £9,000,000 had already been received toward the £10.000.000 loan which closed yesterday, and that when all subscriptions had been received, he expected that the loan would be oversubscribed. Mr Nash said that the only possible qualification of his statement was that in the event of there being surplus money in New Zealand, it might be wise to borrow it and buy sterling to pay off some of the Dominion’s overseas indebtedness. The Minister said that Auckland’s contribution to the war loan was well over £1,000,000 already, and he thought it would probably reach £1.500,000. The Wellington figure so far was £698,000, and these two totals were by far the largest. The committee of the Wellington Stock Exchange applied for £lOOO in the War Loan in support of members’ appeals to their clients for an oversubscription. The New Zealand branch of the British Empire Cancer Campaign Society has invested £750 in the War Loan.