LIBERTY LOAN SUCCESS

Greymouth Evening Star, 12 July 1943, Page 2

LIBERTY LOAN SUCCESS

I £4 MILLIONS OVERSUBSCRIBED j WELLINGTON, July IlNew Zealand’s Third Liberty Wai Loan has more than £4,000,000. ~,.n ;i(f cast figure was announced in a bioaocasb address this evening by the Minister of Finance (Mr Nash) as £39,054,38 The Prime Minister (Mr Fraser) wil? speak over the national netwoik nn either Wednesday or Thursday Sight, when all returns have and will return tnanks to the people effort worthy of New Zealand and worthy of the cause we are fighting for, said to this loan, who numbered 419,763, said Mr Nash, had constituted a record for the po minion. Of this number l? 3 > 00 .°^ a _ invested £7,381,202 in national ings accounts. No fewer than 18?,19o investors had ourchasea bonds to ~ value of £2,063,429, and 62,570 persons including trustees and comnanies had feht stock to the value Sf £29,609,755. For the purposes; of the loan campaign the Dominion had been divided into 18 districts, corresponding to the chief P/> s t aI S being given an objective.. The i esuns on a district basis, showing the p cenlage of the target reached, were.

Subscriptions from national institutions such as insurance offices, have not been allocated to districts, but have been included as a separate total of £9,960,000. On the otner hand, national savings deposits totalling £2,250,000 have been included m the district figures. Mr Nash read a cablegram from the Chancellor of the Exchequer (Sir Kingsley Wood), which read: “I have followed the progress of the Liberty Loan with keen interest, and congratulate you most heartily on the ■magnificent result, which shows the determination of the people of New Zealand to devote all their resources to the common cause, and to speed the path of the United Nations’ vic-

The loan had opened on June 8, and. was closed on July 10 —a period of 32 days, said Mr Nash. “And the interest was not gone, even now, added the Minister, who read a list ol late subscriptions, more, of which, he believed, would be received within the next few days, and would increase the total to at least £39,500,000. At a late hour he had been advised that employees of the Railway Department, numbering 3929, had invested £42,000 in savings accounts and £6030 in Liberty Bonds. The seven leading centres to receive special Liberty Loan flags for subscribing more than their quotas were Nelson, Blenheim, Wellington, Invercargill, Dunedin, Auckland, and Gisborne. The Freyberg flag went to Nelson, which had raised 121 per cent. (£665,848).

WEST COAST TOTAL. The West Coast total in the Loan reached £331,488 when business closed at noon on Saturday. This was £156,470 below the target for the district, but is regarded by the organisers of the effort in the district as exceeding expectations. Investments on Saturday in the district amounted to £24.134. Five centres, Hokitika, Ross, Moana, Ikamatua and Ngahere exceeded their quotas. Following are details of the investments in the various West Coast centres: —

The purchaser of the fourth and last Freyberg Liberty Bond at Greymouth on Saturday was Mr, A. Brownlee of Moana.

Nelson Blenheim Wellington .. Invercargill Dunedin 665,842 323,153 5,094,820 1,486,955 2,783,830 7,186,467 Jj.e. 121 119 117 114 112 Auckland 107 Gisborne Napier New Plymouth . . Wanganui .. ■ • Timaru Palmerston N. . ■ 501,066 1,149,890 1.064,549 881,082 715,770 1,244,445 99 96 96 90 88 86 0 9 Christchurch Oamaru Greymouth Westport Hamilton Thames 3,408,681 247,735 363,932 99,173 1,336,876 540,120 OO 81 78 68 64 63

Investments PercentSurplus age Hokitika 90,160 19,440 128 Ross 15,295 1,983 114 Moana .. 3,663 1,167 148 Ikamatua 7.143 487 107 Ngahere 4,153 409 110 Totals 120.414 23,486 Deficit Deficit Greymouth 162,491 44,261 21 Rurianga 7.560 34,456 82 Brunnerton 2,566 18,234 87 Reefton 17,621 16.907 49 Blackball 5,755 15,677 74 Waiuta 4,717 9,843 68 Kumara 4.806 8,090 63 Otira 966 4,858 83 Stillwater 969 2.775 73 Jackson B. 3,623 1,369 26 Total 331,488 156,470