THE WAR LOAN.

Bruce Herald, Volume LIII, Issue 66, 23 August 1917, Page 4

THE WAR LOAN.

The new Dominion "War Loan, the prospectus of which is advertised in our last issue, gives an opportunity to everyone in New Zealand who is unable for various causes to take an active part in the fighting against the common enemy to assist in providing tho silver bullet which must play a big part in securing for the Allies a final and satisfactory victory. Modern civilisation, modern warfare and modem life requires as an essential of every"undertaking an adequate supply of capital. The War Purposes Loan is a prime necessity, as our army must be ! clothed, fed and liberally supplied with [ munitions. Knowing this, it is 'the duty of everyone to lay aside every question of political faith or private opinion and assist to his utmost in helping to make the War Loan an unqualified success, thus proving to our kinsmen, our allies and our enemies that New Zealand has found herself. It is a large sum (£12,000,000) which the Government asks the public of the Dominion to subscribe, and subscriptions will close on September 3, but .f members of ev»ry community in the country thoroughly appreciate the duty which devolves upon them the loau will certainly be over-sub-scribed. The loan is issued at par and bears interest at the rate of 44 per cent, per annum, free of Income Tax upon investments for a period of 21 years, and when it is remembered that incomes exceeding £6-100 will be taxed at tho rate of 7s Gd in the £, it will be, readily seen that for large investors the loan offers a decided attraction. But to the person whose wealth is limited the loan is by no means unattractive, as the individual whose income is limited to such an extent that it is not directly assessed for taxation may purchase Post Office bonds up to a limit of £SOO with- a currency of 10 years at o per cent., the interest to be paid half-yearly. Ho may, if he decides to invest i:i war certificates, purchase these with a currency of either five or 10 years, the certificates being obtainable for any sum between £1 and £SOO, but the interest will accumulate during the currency of the investment and be payable at maturity. The interest in the case of this investment will be at the rate of 5 per cent, on certificates maturing at the end of five years, and at a slightly higher rate on certificates with a currency of 10 years. It will thus be seen that all classes of the community are given an opportunity to assist our brave soldiers in defeating the common foe, while at tho same time securing a serviceable investment. We urge everybody, rich and poor alike, to assist in making the loan a success. Investors risk nothing, sacrifice nothing, while the men at the front daily run the gravest risks, and in many instances make the supremest sacrifice.