THE WAR LOAN.

Evening Star, Issue 16352, 19 February 1917, Page 3

THE WAR LOAN.

BIG NATIONAL EFFORT.

WOMEN'S GIFTS TO TREASURY,

LONDON. February 17.

'there was a great eleventh-hour rush for the Victory War Loan. The Stock Exchange describes it as the greatest financial triumph in the history of the

world. Eager crowds surrounded tlio banks throughout the day. One feature was that a considerable amount of gold was disclosed. Apparently it had been hidden in stockings.

Hundreds of women have sent the Lord Mayor jewellery to sell as gifts for the Exchequer, including valuable necklaces, diamond rings, and watches. Most of the gifts are anonymous. Before _ the loan was issued the great banks made arrangements by which the money the Chancellor of . the Exchequer required would be forthcoming. The response of the public, however, has been so great that the banks have not been called upon to make any direct subscriptions, though they havemade large loans to approved clients. There was an immense number of middle-class subscriptions, particularly for war savings certificates. The large employers of labor throughout the country have takon up large blocks of stock for the benefit of their employees, who are to repay by weekly deductions from their wages.