THE WAR LOAN

Dominion, Volume 10, Issue 3173, 25 August 1917, Page 7

THE WAR LOAN

EARLY SUBSCRIPTIONS 'SATISFACTORY. .So far the early subscriptions to the War Loan excecu in proportion those received during tho samo period of tha successful loau of last yea; - . The latest figures show a total received exceeding .£336,000, plus . .£280,000 announced, ot which .£30,000 is to l>o subscribed by tho .State'. Eire .Offico. No doubt other insurance offices will follow- 6iiit. There is thus a total of £616,000 definitely ascertained. Tho question ha/i been raised as to whether ,tho Govcrnmont wishes Savings Bank depositors to invest their money in tho: War Loan, as in any caso tho monoy is at tho Governments disposal. Tho answer to this ie that cs investment in the War Loan fixes the money for fi definite poriod of years, «nd in tho 'Savings Bank it is at will, depositors will be helping the State better by investing in the War Loan. Quito a number of inquiries have been made as to the nature of inscribed stock. If the amount is invested in inscribed stock there is no bond or debenture issued, the particulars of tho amount invested being recorded by the Kegistta'r at the Treasury and interest . being paid on warrants issued by the Treasury half-yearly. The 'idvantage of inscription is that the public who invest have no document which can be lost or 6tole®,' arid a transfer of .the stock by • sale, to any other person can only be effected by the holder giving a -written notioo of transfer lo the Treasury. It is intended to issue to those requiring it a certificate whioh will indicate the amount inscribed, but this document will noli bo of any value other than an in-' ; dication. of- the entry in the Treasury come under this. head. The day was perf«n into whose possession it might come improperly, as- the stock-can only, bo transferred .on. sale after proper notice has been given to the Treasury..