THE WAR LOAN

Wairarapa Times-Age, 5 September 1941, Page 4

THE WAR LOAN

STATEMENT BY MR NASH “A SPLENDID SUCCESS.” APPLICATIONS ANALYSED. (By Telegraph—Press Association.) WELLINGTON. This Day. The .£10.000.000 war loan was oversubscribed by £220,020, the Minister of Finance, Mr Nash, announced in the House of Representatives last night. “The loan was a special effort and it has been a splendid success,” he said, “and I want to thank the Leader of the Opposition and everybody who has helped. It is still urgently necessary to put everything possible into the national savings scheme! which will continue as before, but on the present evidence we will not have any worry over the money side during the present financial year now that this money has come in.” The number of subscribers to the 1946 loan was 5016 for a nominal amount of £3,356.130, and subscriptions for the 1951-54 loan totalled 5886. the nominal amount being £6,864.490. The total subscriptions were 10.902 for a nominal amount of £10,220.620. Analysing the applications, Mr Nash said national institutions applied for £4,661,000, and the various districts £5,559,620. The district totals were: Auckland, £1,517,420; Waikato and Bay of Plenty, £198,660; Wanganui. Taranaki and New Plymouth. £274,320; Hawke’s Bay and Poverty Bay £287,130; Wellington, £1,157.300; Canterbury, £454.860; Otago, £430,350; Nelson, West Coast and Marlborough, £124,560: Southland. .£225,360. An amount of £889.660 had still to be analysed for districts.