LIBERTY LOAN

Wairarapa Times-Age, 22 June 1943, Page 2

LIBERTY LOAN

MASTERTON CONTRIBUTIONS TOTAL £151,945. INVESTMENTS BY STAFF MEMBERS. Another 33 subscribers took up Liberty Loan stock in Masterton yesterday, for a sum of £11,170, making the total amount of stock to date £151,945. Yesterday, bonds to the value of £1899 were also sold and contributions to war savings accounts totalled £1033, bringing the grand total to date £165,360. The drivers of Wairarapa Transport Ltd., following an address given yesterday afternoon by Mr J. D. O’Connor, have taken up about £2OO worth of Liberty bonds. The head office . staff, Masterton, of the Messrs T. Borthwick and Sons, Ltd., to date has subscribed £llOO to the Liberty Loan.

MARINE BAND PROGRAMME IN MASTERTON TOMORROW. A splendid entertainment is promised at the Masterton Post Office corner tomorrow, when the combined American Marine Band will present a musical programme from 2 p.m. onwards. The band will march along Queen Street to the Post Office and interspersed with the musical items will be short addresses on the Liberty Loan. The speakers will include the Mayor, Mr T. Jordan, and others. Members of the Women’s War Service Auxiliary will sell bonds during the proceedings at the Post Office.

MOUNTING UP DOMINION TOTAL. NEARLY £13,000,000 SUBSCRIBED. (By Telegraph—Press association.) WELLINGTON, This Day. The Third Liberty Loan reached a Dominion .total yesterday of £12,669,280, from 21,553 subscribers. The day’s total was £554,280 from 2092 subscribers. A feature of this is the indication that investments were largely distributed among small investors as the £554,280 included £lOO,000 from two companies with head offices in Wellington. The balance divided among the number of remaining subscribers, and allowing' for probable other large investments elsewhere, makes the average per subscriber comparatively low.

CANADA’S LEAD

WAR LOAN BACKED BY SMALL INVESTORS. EXAMPLE FOR NEW ZEALAND. (By Telegraph—Press Association.) WELLINGTON, This Day. “Canada’s last war loan had the backing of two millions of small and large subscribers. This was equal to 20 per cent of the population. Can the youngest of the Dominions, which has led the world in some phases of national effort, equal Canada’s splendid war loan record?” asks the National War Loan Committee.

“To do this,” the Committee adds, “we need 300,000 investors in the Third Liberty Loan. The rather general belief that a Government loan concerns only the wealthiest organisations and individuals is a peace-time idea, quite out of place during an ‘all in’ war. To float a 35 million loan in normal times would be regarded as fantastic, but the ruthless exigencies of war enforce new standards and new needs.

“Men join the fighting forces and homes are temporarily broken up. Are we who remain on the home front afraid to break up our bank balances? Money invested in the Liberty Loan is not a gift, and it comes back in full with interest —a painless process compared with other war time sacrifices.”