WAR LOAN

Grey River Argus, 25 August 1917, Page 3

WAR LOAN

OUTLOOK VEKi SATISFACTORY

WELLINGTON, August 24 N lt- is a very satisfactory sign that so, lar cany subscriptions to Ue war luan exceed in proportion those received dur»n«- uiu same period of th& successiui loan of last year. Thelatest liffures bhow that ths. total received exceeds £336,000 plus ,£280,---000, of which .£30,000 is to be subscribed by the state i^ire Office. No doubt other insurance offices will follow suit. There is thus a total of ;£6 16,000 definitely ascertained.

The question has been raisea .as to whether the Government wishes Savings Bank, depositors to invest their money in the War Loan, as in any case the money is at the Governments disposal. The answer to this is that as , investment in the- War. Loan fixes the money for a definite period of years, and in the Savings Bank it is all at call, deposiors will" be helrinc the State better by investing in the War Loan.

. Quite a number of enquiries have been made as to the nature of the inscribed stock If an amount is invested in insciibed stock there is no bond or debenture issued, particulars of the amount invested being recorded by the Registrar at the Treasury and interest being paid on warrants issued by .the. Treasury half yearly. The advantage of inscription is that the public who invest., have no document which can be lost or stolen, .arid transfer of stock sale by any other person can only be affected by "the holder giving written notice of transfer to the Treasury. It-is intended to issue to those requiring it a certificate which will indicate the, amount imscribed, but this'document will not be of any value other than as an indication of the entry in the Treasury books.- It could not be used by any person into whose possession it might come improperly. as stock can only be transferred on sale, after proper notice has been given to the "Treasury..