LOAN OBJECTIVE

Wairarapa Times-Age, 8 July 1943, Page 2

LOAN OBJECTIVE

CONSIDERED IN SIGHT SUBJECT TO FULL-POWERED EFFORT. IN BRIEF REMAINING TIME.. (By Telegraph—“Times-Age” Special.) WELLINGTON, This Day. Liberty Loan prospects were reviewed today at a meeting of the National War Loan Committee, the ActingGovernor of the Reserve Bank, Mr W. L. Ward, presiding. The conclusion reached, after receiving reports from almost every part of the country, was that the district war loan committees had developed their organisation effectively, and that results had improved in each successive week. Consequently, the National Committee expressed its confidence that the continued maintenance of campaigning vigour will achieve the national objective of a fully subscribed loan by Saturday. It is, however, felt by the committee that there is still need for every New Zealander to again face his national war obligation and to invest more if it cannot be said that the original subscription is fairly in accord with income and assets. “Keeping up the present pace will reach the goal, but we cannot afford to slacken,” was the point of the whole discussion. Reports from officers of the Reserve Bank who had toured large areas of the Dominion were encouraging, as they were unanimous that never before had there been so complete a recognition of the obligation to support the war loan. The activities of the loan committees, supplemented by national publicity, had, they agreed, succeeded in creating what they termed a feeling of “Liberty Loan-mindedness,” and the fixing of district- targets had encouraged a healthy spirit of emulation. A certain amount of tardiness among people in the country districts in subscribing to the Liberty Loan was considered by the committee to be partly due to difficulties of travel. Therefore, it had been arranged, for the benefit of farmers and any others who were unable to conveniently reach offices where investments can be made, that all banks and post offices will accept telephoned instructions to take up loan stock oi- to transfer Post Office Savings Bank deposits to national savings accounts. Banks and money order offices throughout New Zealand will open from 7 till 9 o’clock on Friday evening to receive loan subscriptions' Wednesday’s subscriptions to the Third Liberty Loan added £1,764,729 to the total, bringing it to £30,140,160. Thus in the remaining two and a half days the amount still to be raised is £4,859,840. Wellington, with a current total of £4,206,611, has reached 96 per cent of its objective. The Auckland figures are £5,659,757 —85 per cent of the objective.

TOTAL £318,665 MASTERTON CONTRIBUTIONS. POST OFFICE & BANKS OPENING TOMORROW NIGHT. Masterton’s Liberty Loan total to date is now £318,665. Yesterday, 42 subscribers took up stock to the value of £7815, bonds worth £llB2 were sold and war savings deposits amounted to £1074. The Trustees of the Wairarapa Training Farm have decided to invest £4OOO in the loan. This amount represents funds which have been accumulated in the Masterton and South Wairarapa districts. The Mahunga Golf Club Committee has invested £5O of the club’s funds in the loan. Two Wairarapa Maoris, who recently invested in the loan, were inspired by the glorious deeds of Lieutenant Ngarimu, who won the V.C. in Tunisia. One wrote across his application, “Whakutu mo Ngarimu,” which means “Vengeance for Ngarimu.” The other wrote: “A little to help further the wonderful deeds of Ngarimu.” To meet the convenience of members of the public who may wish to invest in the Third Liberty Loan, Liberty bonds, or war savings, Masterton and other district post offices will remain open for business between »the hours of 7 p.m. and 9 p.m. tomorrow. The trading banks will also open between seven and nine o’clock tomorrow to receive War Loan subscriptions. Persons desiring to invest in the War Loan but who are unable to call, through sickness or other reasons, arc invited to communicate with the Post Office, who will arrange for an officer to call and have the transaction completed.

WOOL MONEY. At a meeting of the Master ton Liberty Loan Committee yesterday afternoon the question was raised about the disposal of the deferred payment due, to sheep farmers for last season's clip. It was stated that the position was that the wool growers had the right to nominate the form in which they would like to take his payment, either in stock or in bonds. In the event of no nomination being made, the Treasury would issue bonds to the value of the amount due. In regard to the balance, which was to be paid in cash, an inquiry was made as to whether the cash would be rnpde available in time to meet the August and/or the October instalments of moneys invested in the loan under the instalment plan. The Treasury advised that the payment of an instalment due to be paid on such investments would be held in abeyance until the money was available. It was pointed out that a good deal of work was involved in adjusting this matter and it might be some little time before the whole matter was cleared up. Prospective investors in the loan could be assured that their interests would be safeguarded in every way. As to the question of allocating the amounts invested in the loan under the scheme, nothing could be done in a general way but if any individual investor in writing gave the Treasury an indication of the district or town in which he wished his investment to be allocated, the Treasury would arrange for the amount to be credited to the centre named. £lO,OOO INVESTED BY AMAL-. GAMATED THEATRES. On behalf of their New Zealand circuit of theatres (which includes the State Theatre in Masterton) the directors of the Amalgamated Theatres, Ltd, have subscribed £lO,OOO to the Third Liberty War Loan. The total now invested by this company in war loans is £36,000.