£20M PROGRESS LOAN
£4.5m Needed On Last Day
(New Zealand Press Association} WELLINGTON, July 4. The Minister of Finance (Mr J. T. Watts) said today that subscriptions to the Government’s Progress Loan up to this afternoon totalled £15,515,660 from 6977 applications. This left £4,500,000 to get tomorrow, the final day of the loan. “That is a lot of money, but I am placing the utmost reliance on every investor, big and small, to help us to get it,” said the Minister. Mr Watts added that all applications tomorrow would be accepted.
£lOO,OOO AGAIN FROM CITY
Christchurch subscriptions to the Progress Loan were well maintained yesterday. In the 24 hours ended at noon £104.720. from 150 applicants, was raised in the city and suburbs, compared with £104,450 from 118 applicants in the previous 24 hours. Subscriptions in the rest of the South Island, excluding Nelson and Marlborough, however, again amounted to less than the Christchurch total. One hundred applicants took up £89,700, compared with 154 applicants for £43,795 on Wednesday and 107 applicants for £169.260 on Tuesday. Yesterday’s applications took the South Island total to £2,214,255, from 1738 applicants, of which £712,920 (864 applicants) has been raised in the Christchurch area.
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Bibliographic details
Press, Volume XCVI, Issue 28321, 5 July 1957, Page 10
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200£20M PROGRESS LOAN Press, Volume XCVI, Issue 28321, 5 July 1957, Page 10
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