DEMAND FOR CERTIFICATES

Evening Post, Volume XCIV, Issue 52, 30 August 1917, Page 3

DEMAND FOR CERTIFICATES

MANY ENQUIRIES

Though returns have yet to come in from many districts in which there are large numbers of wealthy men, the two million mark has already been passed in subscriptions for tho Liberty Loan. The demand for War Loan certificates continues heavy. A well-known business man has taken £10,000 worth of Treasury bonds/ Many local bodies are deciding to invest sinking funde and other moneys at their disposal in the loan, and enquiries every day with reference to the methods by which this may be achieved are numerous.

With reference to the conversion of 1916 war bonds, it is announced that forms of application for such conversion into inscribed stock may be obtained ,at any branch of the Bank of New Zealand on and after 3rd September.

The people in outlying districts are making a steady response to the circulars sent to them by Sir Joseph Ward, and cheques and other documents are coming in daily. As this is the time when the majority of dairy factories hold their annual meetings, it has been suggested that the various dairy factory companies should consider at their annual meetings the advisability of investing any sum from £250 and upwards in the War Loan, and it is hoped that effect will be given to this excellent suggestion.

The Treasury desires that stockbrokers who are dealing with applications for investment in the loan in any form should send the applications through the local Post Offices, and not into the Treasury direct. Any stockbroker who has not been advised from one of the main Stock Exchanges is asked to regard this paragraph ac an official intimation.

. In Dunedin there have been several heavy applications from individuals as distinguished from companies, the amounts ranging from £2500 to £20,000. Dunedin is noted for its patriotism, which is being clearly displayed in tho matter of the War Loan.

As much doubt seems to exist in the minds of the public with reference to matters connected with the various phases of investment in the War Loan, and also with the manner in which they are affected by the provisions of the Finance Bill with regard to both land and income tax, a special enquiry bureau has been opened in the main public office of the General Post Office, Wellington. At this office the public will receive information with regard to any point about which they are in doubt or about which they find it necessary to enquire. It is proposed, as speedily as possible, to open similar enquiry offices in Auckland, Christchurch, and Dunedin. This work has been undertaken by the Post Office solely for the purpose of providing the public with information readily available at a centre convenient to all.