WAR FINANCE
SUPPLEMENTARY LOAN CLOSES THIS WEEK
“ AMOUNT REQUIRED ALMOST IN SIGHT ” (P.A.) WELLINGTON. March 13. The intention to close next Saturday the current war loan of £5,000,000, which has been open for subscription since October last, was announced tonight by the Acting Minister of Finance (the Hon. D. G. Sullivan). This loan, said the Minister, was part of the Budget programme for war finance for the current financial year, and was supplementary to the main loan of £35,000,000. The £5,000,000 loan had been on an “over the counter” basis, thus supplying a continuous form of investment. The amount required was almost in sight, and it was hoped that before the closing date the full amount would be received.
So that the avenue of investment for war purposes would be open continuously, a system of “advance subscriptions’’ for the next war loan would be reinstated, said Mr Sullivan. Investments in the current issue up to the end of this week, and in “advance subscriptions” as from next Monday, could be made at any money order office, any trading bank, at the District Treasury offices in Auckland, Christchurch. and Dunedin, or direct with the Reserve Bank, which was handling both issues on behalf of the Government.
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Bibliographic details
Press, Volume LXXX, Issue 24206, 14 March 1944, Page 4
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205WAR FINANCE Press, Volume LXXX, Issue 24206, 14 March 1944, Page 4
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