THE WAR LOAN

Evening Star, Issue 16198, 21 August 1916, Page 4

THE WAR LOAN

»■ , ■ FINANCE MINISTER'S CONCESSION., DUNEDIN OFFICE HAVE NO AUTHORITY. The Minister of Finance's concession ts subscribers wishing to invest for 14 year* —namely, that any one sum up to £20,000', would be accepted for 14 years, to -bear' interest from "September 1," provided ap- ■ plication is made on or before the 21sti. rinst—has led to a large number of inquiries at the Chief Post Office, Dunediu, from persons willing to invest under th« ■conceded term; but the local officials are, up till this hour (2.30 p.m.) unable to act,, since they have received no instructions, whatever empowering them to accept sub- . scriptions for war bonds at cur/tiring biibj 25 years. An urgent wire was sent to! Wellington this morning asking instruct tions, but at the horn- mentioned no reply had 'been received. PATRIOTIC FUNDS TRANSFERRED. [Per United Pnr.ss Association.] \ HOKITIKA, August 21. '"''■ The executive of the Wetland patriotic >v fund, acting under tho direction of a public meeting of subscribers, is arranging toe transfer their fund, amounting to £3,500, to tho National War Funds-' Council fotf administration by that body. Local control will he retained by a "local advisory committee, which, it is" suggested, should be the present executive to advise in relation to administration in terms of the original purpose for which the money waa fraisod. This probably is the first "transfer of the kind, and appears to be an important step towards nationalisation oS tho war funds. DEMONSTRATIONS AT HASTINGS. HASTINGS, August 21. Four thousand pounds' worth of war certifieatoK wore Fold at an open-air de< monstration on Saturday night.. At a meetinjr at tho theatre* £1,175 was invested. Sir Joseph Ward telegraphed coin tgratuinl.ing the peonln on the liberal I manner in which they had subscribed. j OPEN-AIR RALLY IN WELLINGTON. j [Pee United Press Association.] ! WELLINGTON, August 21. | An open-air demonstration in aid of tha ) war loan on Saturda? resulted in £5.483 j being invested, inc.hidir.g 0,088 certificates.