THE LIBERTY LOAN

Dominion, Volume 10, Issue 3169, 21 August 1917, Page 4

THE LIBERTY LOAN

EVERY CITIZEN'S DUTY. Every pound of tho Liberty War Loan will be used for war purposes only. New Zealand's war bill at the preseut time amounts to about .£190,000 per month, or over .£O3OO per day. This sum covers not merely tho arming, equipping, paying, and transporting of the members ot tho New Zwland Expeditionary Force, but the cost of the shells l>red at tho Germans by the New Zealand Artillery, of the rations served to the New Zealand Infantry in the trenches, of .'.lie riflo and machine-gnn cartridges, and of the hospitals and hospital ships. 'L'he Dominion has a completely-equipped army in tho field, and the army has to bo maintain.*!, at. the cost of tho New Zealand people. That is why the Minister of I'irninee is askiii" for "£12,000,000 this momh, M>d why ho will want auother or JC12,000,000 sis or seven months hence. Tho date for tho closing of tho ioaii_ is September 3. Fourteen days remain, therefore, for the payment to the Treasury of the money with which the citbens of New Zealand are asked to support the efforts of their men in tho firing line. Tho smallest sum that can be invested the War Loan is 13s. For that huh ofmoney the Treasury will give n war certilicate for £1, payable ten jears hnnce. There is no limit at tho other eud of the scale, and it is known that some very large subscriptions will be Tecoived. But the small payments iti'o needed cs well as the large ones. A payment of IBs will procure a war certificate for £1 payable in five years. These war certificates are on sale at .the Post Offices throughout' New Zealand in many denominations. . The smallest sum that may he invested in a bond, with interest payable halfyearly, is 100. Persons who do not pay income tax and who are entitled, therefore to be regarded, us small investors, may tako up 5 per cent, bonds, with n. period of 21 years. The interest, a high ono for an absolutely safe investment, is pnynblo half-yearly; tho security is the public revenues of New winch are pledged for the payment of interest and the repayment of the principal at the due date. The larger investors are ofec-red i\wr cent, bonds free of income tax. Unere is also an issue of stock to tl-c amount of £1,000,000, reserved for people who desire to invest in securities that vriil bo available for the payment of death duties. The loan is an investment rutaonsed under tho Trustee Act. Investors may take either inscribed stock or bearer bonds, with interest coupons atta-lied. Copies of the prospectus of the w.ir Loan, giving complete information, may be obtained from any Post OB.ce. from the Treasury, or from licensed brokers.