NEW WAR LOAN

Evening Post, Volume LXXXIX, Issue 147, 23 June 1915, Page 7

NEW WAR LOAN

MOST ATTRACTIVE INVESTMENT GREAT RUSH FOR THE PROSPECTUS. LONDON, 22nd June. The prospectus for the new loan has been issued. Mr. M'Kenna, Chancellor of th© Exchequer, in delivering his financial statement, and dealing with the new war loan, said the strongest, "criticisms of the Joan were that the terms were too generous. The Government wanted to raise the money, and did not want people to say that they would wait for better terns later. With 1 reference to a suggestion that lie. ought to raise money by taxation, Mr. M'Kenna declared that it was best to take one step at a time. If further large auma were required there must be further taxation, but the time -was not yet. He then moved to amend the resolution in the direction of giving him power to cancel the Treasury Bills now issued. The resolution and amendment were adopted. Directly Mr. M'Kenna had concluded his speech, enormous queues of city men commenced to assemble at the Bank of England to await the prospectus. The general opinion is that the investment ,is the most attractive of modern times. There is particular approval of the facilities offered to small subscribers. Dozens of vans carried consignments of the prospectus to the railway termini for distribution in the provinces.