THE WAR LOAN

Evening Post, Volume XCII, Issue 40, 16 August 1916, Page 7

THE WAR LOAN

WHY IT SHOULD BE A

- SUCCESS

BANK DIRECTORS' VIEWS

A SOUND INVESTMENT.

10 THB EDITOR.

Sir,—As many persons may not have had brought home to them the great importance of the £8,000,000 issue of the Government War Loan being fully subscribed, and the disadvantages which would accrue to everybody in the Dominion were it not so subscribed, we would ask you to be good enough to publish this letter containing, briefly, our views on the subject.

On all grounds the success of the loan is to be desired; those of patriotism and tlie proper treatment of our soldiers, ka.ving been well expressed by those in authority, need not be dwelt upon by us, but there are other reasons affecting the people in a more or less direct manner.

It would appear that if the necessary money bo not raised by the loan, it must be got by further heavy taxation, in which all classes must, cither directly or indirectly, share; also the credit of the Dominion would suffer, which in many ways would affect the welfare of tlie people.

Subscription to the loan does not mean a sacrifice or loss. The investment has never been equalled in New Zealand as a safe and remunerative one, and the return to normal conditions of the money market in a few years would cause it to command a substantial premium. The interest will be distributed in the Dominion, and will be available for investment in, and development of, the country. In about sixteen years the interest compounded will amount to the original principal, leaving the investment intact.

Firmly believing that full snbscription of the loan will be no less beneficial to the individual inhabitants of New Zealand (with whose welfare that of the institution in which we have the honour to represent the ordinary shareholders is bound up) than to the Dominion as part of the Empire, we strongly urge all who have the means idle, or within view, to apply for as much of the loan as they can afford.—We are, etc., M. KENNEDY. W. WATSON. Directors representing the Shareholders on the Board of the Bank of New Zealand. 16th August.