THE WAR LOAN

Dominion, Volume 10, Issue 3175, 28 August 1917, Page 4

THE WAR LOAN

i.'l,l>!SO,ooo NOW REPORTED OR OJf THE WAY.

Tho cash receipts reported to "Wellington now reach a total of There, are also amounts which total .£1,303,000 known to be coming in. Thus the present amount, excluding banks and brokers not yet reported, is This includes three more amounts of .£250,000 each.

The circular to the friendly societies is already beginning to havo good effect. Tho secretary to one branch wrote, saying that his branch was going to do all it could and invest XllOO immediately.

As examples of patriotism, it may bementioned that Rawke's bay brokers, who deal with a large number of moneyed people, have offered, to do all kan. work free of charge, and announced that they will not claim brokerage from the Government. This is an excellent lead for other parts of the Dominion,, and is patriotism of a practical kind. A gentleman in Wanganui lias offered the. Government a holding of 7 per toifc. debentures in exchange for 41 per cent. War Bonds. The Carterton Oddfellows, are investing .£3OO. The following is a copy of a letter addressed by Sir Joseph Ward to. the clergy of every denomination, in tho Dominion :—

August 11, 1917. Dear' Shy-There is no period in the history of a nation in which tho ieadera of its Tcligious life can more properly guide their people than when tho very existence of national freedom is at stake —when, after pouring out the life-Wood, of its noblest sons, tho issue still remains undetermined-when a supreme and final effort is required to .secure tnat peace which ever comee after a successful struggle with ovil.The battle against evil, in whatever form necessitates sacrifice und l>; nigs forth tho highest qualities of man. Modern civilisation, modem life, require that to succeed in any great-under-taking, money must be. provided in proportion to the sreahuss of the object. The War Lon-u now placed before the people of this Dominion is just as necessary to success as the soldiers, themunition« and the commissariat. Without funds to purchase the two latter our brave defenders would be left an easy Tirpv to a powerful foe. . There is no force more potent in raising a nation to tho full sense- of its responsibility than a spiritual or.d moral Oll You are one'of those whose Via is set ,pai to.nurturing and directing etch * people based upon t: i>-', . j.,,.,":. know that -■■*.■ ■ l - 1 - M "" By Telegraph-Press Association. Auckland, August 2.. Tho Auckland Gas Company has decided to subscribe JE20,000 to the Var loan. VIGOROUS CAMPAIGN IK NORTH By Telegraph-Press Association. Oamaru, August 27. A vigorous Liberty War Loan campaign hat been inaugurated in North Otago. The Waitaki County Council has organised a- thorough canvass of the country districts, and a- strong committee was appointed at a public meeting of citizens to carry out a canvass of tho town. CHRISTCHTJRCH CITY COUNCIL' . PROMISES SUPKffiT. Christchurch, August 2i. At a meeting of tho City Council an appeal was received from tho Minister of Knanco for help and support for the Liberty Loan. It was resolved-.—"This council heartily endorses tho sentiments of the Minister's letter, and undertakes to do all in its power to promote the Liberty Loan." Tho following amendment was proposed by tho Labour group in the council, but was lost 16 votes to 4:—"That, while wishing tho Government success in its efforts to raise- money, this council regrets that tho Government 6aw fit to exempt the loan from income taxation. This council further thinks that a larger sum of tho money necessary to finance the war should bo taken from tho •£20,000,000 of war profits tha'ETiave como into this country during the wav period/