DEVELOPMENT LOAN

Ashburton Guardian, Volume 70, Issue 211, 22 June 1950, Page 6

DEVELOPMENT LOAN

r £ 1,822,000 NEEDED (P.A.) WELLINGTON, June 21. The total receipts for the 1950 National Development Loan of £20,000,000 have now risen to £18,178,000, leaving £1,822,000 to be obtained to fill the loan before it closes on Friday. “Investments in the loan in the last three days have steadily advanced the total toward the goal of £20,000,000,” said the Prime Minister (Mr Holland) this evening when he gave the latest figures. “On Monday I was able to announce receipts of £14,783,000 to the end of the third week, requiring more than £1,000,000 a day in the last week to fill the loan. By to-night the total had risen to £18,178,000. “The maintaining of this high daily average will bring the loan to a successful issue, and 1 am hopeful that this will happen. However, with so many of the larger investments already in, I would stress that in the closing stages still greater support from the small and moderate investor is necessary. “I hope, therefore, that with success in reach these possible investors will not take success for granted, but on the contrary that they will lodge their applications without fail. I know that many people feel that their moderate investments cannot help very "much. I can assure them that they do. . It is from a large, number of such investmerits in the aggregate that the final million must come.”