THE WAR LOAN.

Ashburton Guardian, Volume XXXVII, Issue 9080, 30 August 1917, Page 2

THE WAR LOAN.

£2,000,000 MARK REACHED.

WELLINGTON, ; August 29. The following information is officially supplied: —

It is very satisfactory to know that already ,the. £2,p00,000 mark has been reached in with the War Loan, and returns from many other districts in which there are large numbers of rich settlers have yet to come in.

The demand for War Loan Certificates ..still continues, to be heavy. A well-known business man has taken £10,000 worth ,of Treasury bonds. ' i;-

Many local bodies are deciding, to invest sinking funds and other moneys at their; disposal in the Loan, and .enquiries every day with reference to the methods .by . which this ■ may. bo achieved are numerous.

With reference to the conversion of the 1916 Act War Bonds, it is announced that forms of application for such conversion into inscribed stock may be obtained at any branch of the Bank of New Zealand on and after September 3. .

People in the outlying districts are .making a steady response to the circulars ..sent to them - by - Sir Joseph Ward;!*-and cheques and other docu-ment's'-arc.\conjing in daily. ' As, this is the time when- the majority ;of the dairy factories hold their annual- meetings, it. has been ■ suggested by prominent citizens interested in these matters that the" various dairy factory companies should consider, at their annual meeting the advisability of investing any; sum from £250 upwards in the War Loan, and it is hoped that effect will be given to this excellent suggestion. The Treasury desires that stockbrokers who are dealing with applications for ■ investment in the Loan in' any form should send applications through the local post offices, and not in to the Treasury direct. Any. stockbroker who has not been advised from one of the main Stock Exchanges will please regard this paragraph as an official intimation.

In Dunedin there have been several heavy applications from , individuals, as distinguished from companies, the amounts ranging from £2500 to £20,000; Dunedin is noted for its patriotism, which is being clearly displayed in the matter of the War Loan.

As much doubt seems ,to exist'in the minds of the public with reference to matters connected with the various phases of investment in the War Loan, and also with tho manner in which they aro affected by the provisions of the Finance Bill with regard to both land and income tax, a special enquiry bureau has been opened in the main public office of the G.P.O', Wellington. At this' office the piiblic will receive information with regard to. any point about which they are in ■.doubt, or about which they find it necessary | to enquire.

It is proposed,, as speedily as posl--siblo, to. open similar enquiry offices in Auckland, Christchurch, and Dunedin. This Work has been undertaken by the Post Office solely for the purpose of providing the public with information readily available at a centre convenient to all.