VICTORY LOAN OPENS TODAY

Dominion, Volume 37, Issue 284, 28 August 1944, Page 4

VICTORY LOAN OPENS TODAY

38 Days To Raise £40,000,000 WELLINGTON DISTRICT’S QUOTA £4,674,000 The Victory Loan of £40,000,000 will open today and close on October 4, giving New Zealanders more than £1,000,000 to raise daily in the 38 days of the campaign. The Prime Minister, Mr. Fraser, will buy the first bond at his office at 10 a.m. today. This is the third war loan; its success will bring the total raised in this war by such special efforts to more than £100,000,000. The Weilingtou war loan district objective is £4,674,000, against £3,500,000 in the last loan. Auckland, with £1,014,000, will have the biggest objective; Buller district, £135,000, the smallest. Mr. Eraser will broadcast at 7 o’clock tonight, and the Minister of Finance, Mr. Nash and the mayor of Wellington, Mr. Appleton, will speak at the Victory Concert in the Opera House tonight. . . . Mr. K. W. Kilpatrick, joint Dominion organizer with Mr. L. M. Williams, said last night that conferences of district committees showed great enthusiasm. Preparations were better and more extensive than before, and they had been completed a month earlier than was the case for the Liberty Loan. Every district, every city, borough and township had an objective. Internal objectives had been arranged for business firms and factories. All were being supplied with loan thermometers to record progress. Lieut.-General Sir. Bernard Freyberg, V.C., was again presenting the Freyberg Flag, in which the badge of the New Zealand Division (Middle East) had been inset at the general's request, to the district exceeding* its objective by the largest percentage. In addition, numbered banners would be presented m the order in which districts reached their objectives. / There had been 157,000 posters of different types distributed, every newspaper was carrying publicity, and all theatres would show special films and have lobby poster displays. Two Bond Wagons would tour the North Island, and one the South Island, starting next Monday These wagons raised £500,000 during the Liberty Loan campaign.. Savings and commercial bank returns, and statistics of notes in circulation showed that there was ample money available to meet the loan; - the various committees were concentrating on getting that money in as quickly as possible. All services were co-operating, and there would be special Navy, Army and Air Force weeks. Before the loan opened the newspapers had given it great editorial support. The National Party was also going to do all in its power to assist the success of the loan, which was a truly nonpolitical effort. The trade, unions were keen in support, and the Communist Party had also offered its full co-opera-tion. It would be a great advertisement for New Zealand to reach the objective before the official closing date.