TO VICTORY LOAN

Auckland Star, Volume LXXV, Issue 217, 13 September 1944, Page 2

TO VICTORY LOAN

NO ADVANTAGE BY DELAY

(P.A.) WELLINGTON, Tuesday. At the end of the second weeks Victory Loan campaign some significant headings were appearing in prominent newspapers, which have liberally helped the work of the district loan committees. These headings are a reproach, as they indicate a very slow or grudging response to the patriotic effort by 5000 or 6000 leaders of the community who are giving their time to remind fellow citizens of a patriotic obligation, to say nothing of a sound investment, states the National' War Loan Committee.

It is admitted that the organisation of some 400 war loan committees takes a little time to work up full pressure and produce maximum results, but every day's delay by intending loan investors means another day of anxiety for local workers, a fear that their district will fail to reach a quota set according to equitable standards.

The forty millions of the Victorv Loan do not constitute a difficult objective and it may be that investors share the very popular weakness of putting off action until the last moment. This gives them no financial advantage, because interest on the Victory Loan commences on the day the application is lodged. Fifteen days of the loan campaign had gone and £10.000,000 had been raised, stated the Minister of Finance, Mr. Nash, to-night. The proportion of bonds and national savings were, he said, three times in excess of the total of these items which had been raised in a corresponding period of last year'.-, loan campaign, but subscriptions for stock were not half as much. "Some people are holding back," he suggested. "I know the money is here in surpluses of corporations, companies and in private accounts, and we could give inspiration to our boys overseas and to Britain by ke'eping New Zealand's good name right up to the point where it has been for years." Mr. Nash sai l he hoped we woux< all be worthy of "lie work wlinh had been done and the sacrifices which had been made by showing a determination to put our monny into the Victory Loan.