THE COMING WAR LOAN

Dominion, Volume 10, Issue 3124, 30 June 1917, Page 9

THE COMING WAR LOAN

A POINT FOR THE FINANCE MINISTER. ■■ Sir,—lt is, I believe, a certainty that a now War I/oaii will bo started in tho immediate future, in which citizens will bo urged to invest their savings. Tho argument will bo freely used that it is not only a patriotic duty to take up as much as possiblo of tho loan, but that it is a prudent investment which should attract all who are looking for a safo and sound way of laying by their savings. Wo aro told that ii per cent, frco of income tax, with Government guarantee, should lx> temptation sufficient for the most cautious investor. But I would point out that bonds payablo to bearer aro a very unattractivo proposition to the small investor. These bonds, being, made to bearer, aro no more secure than cash. " They must bo kept in fire-proof and burglar-proof safes; and if stolon or destroyed they aro hopelessly lost. If they aro deposited in a bank, the authorities will take no responsibility, and charge a considerable commission for collecting tho interest. This want of security prevents tho investment of trust money op any savings laid.by for the benefit of wife and children. If, however, Government could see its way to issue these bonds in the same form in which ordinary company shares are issued, I am confident that this addition to security and convenience would bo appreciated by all who, liko myself, wish to help.—l am, etc, SMALL INVESTOR. Wellington, June 28,1917.

Messrs. J. H. Bethune and Co., announce in our auction columns that on Wednesday, July 18, at 2.30 p.m., under instructions from 0. I'. Campbell, Enn.., they will submit a niagnincont property in Upland Road and Fair View Crescent, Kelburn. Tho land has a frontago o£ 80ft. to' Fair View Orescent, and 67ft. to Upland lioad, and on it stands the commodious dwelling of fourteen rooms, until recently occupied as "Blshopscourt." Tho houeo is exceptionally well built and las every possible convenience; the grounds aro tastefully laid out and a fine view is obtained from the property. Pull details appear in the advertisement. Further details may bo had on application to the auctioneers. On the same day the firm will odor an improved farm at Otaki. This is tho property of Mr. L. F. Eursthouse, and comprises an area of 54 acres, situated 21 miles east of Otaki railway station; the land is of first-class quality and is intersected by the Waimanu Stream, tho buildings on the. land comprise a fourroomed cottage, small shed, and cow-shed, 42ft. wido with conorete floor.