THE SECOND LOAN.

Auckland Star, Volume XLIX, Issue 12, 14 January 1918, Page 2

THE SECOND LOAN.

IN JUNE OR JULY. (By Telegraph.—Press Association.) CHRISTCHURCH, Sunday. Referring to the next war loan flota. tion, in a speech at the post and telegraph officers' reunion last night, Sir Joseph Ward said that in a short time, in June or July, at the latest, the people of tiiis country vypuld be called upon to provide another ten millions to enable war payments to be made. Then if the war was unhappily going on after this period the country would have to be asked to provide many more millions than it would have provided this year.

"The telegraph messenger and the humblest man in the service," he said, "ii as much concerned in the preservation of this country after the war is over as the oldest and most responsible officer in New Zealand. It is aiter-war conditions that have to be looked forward to by the Government and Parliament. Those conditions -will be without parallel as far a_ this country is concerned, and you men in the Public Service, sharing your portion of responsibility, have got to be ready to face it with a view to seeing that the prosperity of the country continues."

The speaker went on to say that the country had to have small land settlement and an enormously increased number of people on the land in order to provide an enormously increased value of exports to bring an enormously increased amount of money into tho country to enable it to meet obligations without having to resort to crashing taxation.