WAR LOAN.

Feilding Star, Volume XII, Issue 302, 19 August 1916, Page 2

WAR LOAN.

THE PATRIOTIC SOCIETY

TO INVEST £5000 IN THE LOAN

At a meeting of the Patriotic Society held yesterday, it was decided, ou the motion of Messrs J. AY. Bra.niwell. and A. Conway, to invest £5000 iv war bond certificates.

Following upon an explanation by the Mayor of tho action of the United Choirs' committee in changing the direction of their funds from the Bed Cross Sewing Guild to the Motor Ambulance, the Society unanimously decided to aslc the Mayor and Mr Cobbe to wait "upon the Choirs' Committee ami express the Society's 'wish that the money should be given to tho Sewing Guild.

BIG BUSINESS IN FEILDING

SMALL INVESTORS' SUPPORT

Yesterday was naturally the biggest day for the sale of war scrip at the Feilding Post Office. Tho officials were kept at concert pitch the whole day, and last eveiiiiiK, and the total sum invested must have run into thousands of pounds. Most of the, business was done in war loan certificates, but a substantial sum was invested in the war bonds.

It has now been definitely decided that the date of closing the war loan shnll**bo extended from August 21, as originally fixed, to a date yet to be decided, in order to give the public every opportunity to invest. Investors are. however, requested to make application at as early a date as possible, in order that the position of the loan may lie ascertained.

To suit the convenience of Post Office Savings Bank depositors who may not be able to attend during ordinary business hours, the Department has arranged that withdrawals for the purchase of war loan certificates may he made this cveniinr from 7 till 8.30. Go and buy at least one certificate. FOR WEALTHY INVESTORS. ■STATEMENT BY SIB J. G. WARD. Wellington, August 18. Interviewed to-night. Sir Joseph Ward stated that as some intending subscribers to tho War Loan did not apparently see the value of investing for 2b years instead of 14, he would meet tho views of those who want to invest for 14 years by putting them in the same position, and accept any one sum up to £20.000, to bear interest from September I. providing their applications are in on or before the 21st inst. At the same time he expressed the opinion that in all probability an opportunity for a longer term upon such favourable conditions was not likely to arise in this country for many years to come, as tho bonds would bo readily saleable, and in all probability in the next few years would be at a premium. Ho' could not understand why anybody should by preference select the shorter instead of the longer term. From fin investment point of view tbe -advantago was on the side of the longer period.

Some misapprehension appeal's to exist regarding the time for closing the loan. Sir Joseph Ward to-night said he desired it to be made; clear that thero 'was no change in the time for closing the main Loan, so far as applications for bonds of £50 and upwards wore concerned- -this would closo definitely on August 21. The extension only applies in the case, of small investors in certificates for £1 to £50 issuing through the Post Office.

Christchurch, August 18

The directors of tho Kaiapoi Woollen Company havo decided to apply for £10,000' worth; of war bonds, the amount to be withdrawn from the company's reserve capital.

SUPPORTING THE LOAN

Wairoa, August 10

At a meeting called to discuss tie War L6;in, the- chairman of the Harbour Board'stated that the Sinking Fund Commissioners were putting all surplus funds into the loan. <<7iO local firm has subscribed £2000 Ho the loan, an it is understood that •ii'U.y otbA* large, amounts have been invested.