A VICTORY LOAN

Dominion, Volume 12, Issue 90, 10 January 1919, Page 4

A VICTORY LOAN

STATEMENT BY. HON. A. M. MYERS. Discussing the probability of a further war loan of ,£10,000,000 being floated in April next, the Hon. A. M. Myers (Act-ing-Minister of Finance) informed a re- . presentative of an Auckland paper that it was not to be supposed because hostilities had ceased expenditure had stopped. It was estimated, he said, that this - would amount during th« next' three months to approximately .£1,750,000 per month. This being the position, it .devolved upon every citizen to recognise his duty by contributing to the utmost of his ability to'the final victory loan. , Although the wdinary expenditure on the war should be'a gradually diminishing sum, it must be remembered that the cost v of repatriation, demobilisation, settling soldiers on the land, and granting assistance to soldiers etill had to be provided for. "From an examination of the figures published by the banks," said the Min« ister, "it is evident that there is still a large amount of money available for subscription towards the proposed victory loan. In this connection I may mention that the amount-standing to;the credit of depositors in Government and private savings banks for the financial year 1918 was .£33,002,507,. as compared with ,£19,214,671 for ,1914.",,