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D DAY ANALOGY

VICTORY LOAN

APPEAL IN HOUSE

A probable reason why the Victory ; Loan had toot received the same impetus up to this stage as previous loans .was the mistaken idea that the war was over and the responsibility finished, said the Prime Minister in the House of Representatives last evening, lie appealed to the country to give to the maximum, and expressed the belief that the loan would reach ■over £30,000,000 by Monday and would foe fully subscribed a few days later. His appeal was supported by the Leader of the Opposition (Mr. Holland) and two members returned from the present war. Mr. Fraser said that about half "the amount required had been realised. The largest subscription received that . day was £100,000 from the South British -Insurance Company, bringing that company's total to £300,000. A number of factors had impeded the progress of the loan, but they had been overcome. The • nearest analogy he Could give was the halt in operations after the D Day landings—as soon as the Allies broke through they reached Pans very quickly. . \ ■ __ People had to realise, continued Mr. Fraser, that the war was not over and that ordinary trade would not commence in full volume immediately it was over. Those who ■ thought they would have full scope for investment were mistaken. He was not a pessimist, but unless an extraordinary collapse could happen in Japan it was quite obvious to anyone that the war would continue for 18 months or two years after the fall of Germany, and that might be an under-estimate; FUTURE RESPONSIBILITY. The Second Division had to be ! carried on at .full, strength so that it could maintain its high record "of achievement. It had also to be re- : toembered that the Royal New Zealand Air Force in the Pacific was of .^ jgreat proportions and destined to do great work. In addition, New Zealand was not yet aware of the full measure Of its responsibility in the Pacific after the;defeat of Germany. He believed that by the end of next week the full amount of the loan Would have been subscribed and the honour Of ' the Dominion maintained. Mr. Holland said he hoped and believed that the Prune Minister's forecast would be realised. He was conicious that there were many people with large sums and he believed they would come to light before the closing date of; the loan. For those who were Undecided there was nothing that could Replace their plain duty to their country in time of peril. < •' , It was the duty of every capitalist, the duty of everyone who had money to lend, to lend as much as they possibly could in the defence of their • capital and the defence of their country. Everyone should have a personal stocktaking to make sure he was making a contribution comparable with his -,- assets.; '.v. "■,; v ■•■■■■■■ ■ ..- . . . ■He would like the country to hear a'boy who had lain three days and three nights in the sand, after being badly, wounded; who had. been captured , with 4 doctor, and had had his arm amputated without anaesthetic; who had returned to New Zealand with the loss^of an arm, the loss of an eye, and a shattered kneecap—Geoffrey. Sim. THE SOLDIERS' EXAMPLE. Mr G. F, Sim (National, Rotorua) v said that.once it was the Germans who the tune and now it was the ■ AUies turn. ; Victory was in sight, and the soldiers would use every ounce of strength to-overcome the last obstacle. They had .never faltered, and those who remained at home should not fail ;^-? OW> In,l his war there was no room for spectators. Mr, P. &. Connolly (Government. Dunedin^West), who served as i •lieutenant-commander in the Naw spoke of the sacrifices of the sailors soldiers, and airmen, and referred par-■SSSw^-SSS^. heroes oTthe. Merchant whom, he said the dominion owed much for the main*3? cc ™of A ts of living. Men overwhelmingly to every w ™ loan

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19440928.2.96

Bibliographic details

Evening Post, Volume CXXXVIII, Issue 77, 28 September 1944, Page 9

Word Count
652

D DAY ANALOGY Evening Post, Volume CXXXVIII, Issue 77, 28 September 1944, Page 9

D DAY ANALOGY Evening Post, Volume CXXXVIII, Issue 77, 28 September 1944, Page 9

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