THE POPULAR WAR LOAN

Evening Post, Volume LXXXIX, Issue 148, 24 June 1915, Page 7

THE POPULAR WAR LOAN

IN ENORMOUS DEMAND. HEAVY APPLICATIONS MADE. LOISTDON, 23rd June. Tho demand for prospectuses is enormous. City men welcome the scheme a 6 bold, attractive, and clever. The Stock Exchange unanimously * approved of the conditions. There are heavy transactions in conversions, especially of Consols. Many insurance companies have made large applications, and the Cardiff coal-owners and ship-owners have applied for over a million pounds' worth. The staff of the New South Wales Agency-General _has agreed to subscribe at least £5 per head. SUCCESS ENSURED.. (TIMES AND STJ3.VET HUN SERTICES.) LONDON, 23rd June. A prominent financier expressed the opinion that the new war loan was an interesting experiment, which would probably stop all deposits in the Savings Banks, and lead to withdrawals from the Post Office Banks owing to the superior interest. The idea of touching the small 1 investor- ha» never before been tried by the Government, and ensured success. The very^ liberal terms were likely to attract foreign capital and to re-establish the rate of exchange. Trade unioni&ts regard the Joan favour' ably. 'VOUCHERS SELLING FREELY. (Received June 24, 9.30 a.m.) LONDON. 23rd June. Business firms are assisting their employees to subscribe to the war loan. The Post Office is selling vouchers freely. Over two million prospectuses have been issued. The -3^ per cent, war loan, which was at 93J on Monday rose to 95^.