THIRD LIBERTY LOAN

Greymouth Evening Star, 17 June 1943, Page 6

THIRD LIBERTY LOAN

QUESTION' OF CdNSC’IENCE"

WELLINGTON, June 17. “Need we sit back waiting tor forced saving? Our American allies are raising war loans which make the d 5 million Liberty Loan effort tippear small, unless we compare the respective populations,” states the National War Loan Committee. “But with all their astronomical figures the U.S.A, war loans have received the popular backing. Announcing the latest success, Mr. Harry Morgenthau, Secretary to the Treasury, said something that New Zealahders also feel in relation to the Third Liberty Loan.” “The success of our war loan, ' said Mr. Morgenthau, “proves that Americans are not going to sit back' and wait for any forced savings plan, in order to finance the most expensive war in history.” . , , “New Zealanders are being asked to save and sacrifice to save for war lending, and the only compulsion is their own conscience. If we are still getting ample food with no unpalatable substitutes, and enjoying the highest standard of living in the world, can we feel .easy in our consciences, unless we do something really hard every day in the way of war effort? Human life is being risked to-day to keep a ruthless fanatical would-be invader off New Zealand, a few thousand miles from our homes. There was a time when we had to make ready for invasion. Millions have been spent and we are still comfortable. Thirty-five more millions are wanted this year from everyone who is safe behind the splendid human rampart of our fighting services.

GROUP COLLECTORS MEET A meeting of group collectors in the National War Savings Scheme, and of representatives of firms where groups do not operate, was held in the Borough Council Chambers yesterday. Those represented were: Messrs. Griffen and Smith, Ltd., Boustridge and Hall, Baillie, Neville and Co., Ltd., Borough Council Staff, Blaketown School, Millers on the Quay, Grey River Hospital, Woolworth’s. (N.Z.) Ltd., Sotheran’s Ltd., C. Smith Ltd., National Service Department, Post Office, N.Z. Railways (Traffic and Loco branches) and the Customs Department. A total of 230 businesses had been invited to send representatives. The Chairman of the National Wav Savings Committee (Lieut. F. F. Boustridge), outlined ways in which money could be invested in the loan. The main task of the committee would be the establishment of many more grouns within businesses, increases in the numbers of present groups, and Increases in the amounts being saved by group depositors. He referred to the facilities being extended by the Post Office for the transfer of accumulated funds to cither National War Savings Accounts, or for the purchase of Liberty Bonds, or Liberty War Loan Stock. All investments in National Savings Accounts made up to June 30 would mature and be repaid ‘on June 30, 1945 (a little over two years), and investments made on and after July 1, would be repaid on June 30, 1946. In the Savings Bank, many depositors held funds in excess of £5OO in resnect of which interest was only 2 per cent, as compared with 3 per cent, in National Savings and the longer term War Loan Stock. The district National War Savings Organiser (Mr. H. W. Hay) described in detail the group scheme, and its extension in support of the War Loan. Mr. W. E. Pring moved and Mr. G. D. Smart seconded a resolution that the scheme as outlined be prosecuted immediately by those present and others, and that a further meeting be held next Wednesday. This was carried.