NEXT WAR LOAN

Wairarapa Times-Age, 30 January 1943, Page 3

NEXT WAR LOAN

I ADVANCE SUBSCRIPTIONS. INVITED BY PRIME MINISTER. (By Telegraph—Press Association.) WELLINGTON, This Day. The Prime Minister (Mr Fraser) announced that advance subscriptions to the next war loan may be made from February 1, and these will be received by the Reserve Bank or any trading or postal money order office in the Dominion. Subscribers will be required to indicate whether they desire a short or long-term stock, but the rates of interest and currencies of the respective issues will not be determined until the terms of the next war loan are announced later in the year, when advance subscribers will have the bp'tion of confirming their subscriptions or withdrawing the whole or portion x>f their subscription. Confirmed subscriptions will earn interest from the date on which the money is lodged, but no> interest will be paid in respect of amounts withdrawn under the option. Mr Fraser said subscriptions in advance of the two war loans issued last year totalled over £4,600,000, and he hoped advantage would be taken of the reintroduction of the scheme for the immediate investment of moneys in anticipation of the loans which would, be necessary to finance expenditure .for war purposes during the next financial year.