WAR LOAN

Grey River Argus, 1 September 1917, Page 5

WAR LOAN

NEARING THREE MILLION MARK

GREAT DEMAND FOR CERTIFI-

CATES,

WELLINGTON, August 31

Reports with reference to the war loau still continue to be encouraging and the amount now down . in/ Wellington is £2,885,000, but it will not be until the close of to-day's business that the receipt at the smaller country offices which serve a large number of moneyed men will be known. Tho demand for war loan certificates is so large that a further issue will have to be printed. V

There seems to be a mistaken* idea abroad that the Post Office 5 per cent, bonds cannot be purchased by anyone who is paying income tax. This is entirely wrong. The Post Office 5 per cent, bonds can be purchased by any person or society what-

ever, so long as the amount obtained does not exceed £500 for each. person or society. At present the Post Office takes custody of the war loan certificates without charge, but as soon as the necessary safes which have been prdered by cable from England reach New Zealand, it is proposed to establish in all the larger centres a safe deposit system, which will enable the Post Office to also take custody of Treasury bonds 01^ Post Office bonds This system will also extend to valuable documents such as deeds, wills, mortgage deeds, etc., and a -small annual fee will be charged according to the size of the package, with access at certain stated times.

Another large Wellington company u jis decided to invest £25,000 of its funds in the war loan. . The! Public Service Superannuation Board at its meeting this afternoon decided to invest £10,000 in, the war loan. Thi? represents all the uninvested capital at present in the board's hands. Among individual contributmns to the loan may be mentioned one of £12,000 in Auckland and one of £5000 and another, of £2000 in Christchurch; -also £1000 at Manaiaand another £1000, at Hawera.

The public who wish to convert war loan certificates into Post Office war. bonds are requested to defer making application until after the close of the loan. The date of conversion will not in any way affect the interest pay r able, as they will be allowed the present value of the war loan certificates up to the day on which Post Office bonds are issued. - 'INVERCARGILL SUBSCRIPTIONS (Per Press Association.) INVERCARGILL, August 3 r. Following are the Invercargill investments in the War J^an made during the -'last two dday:—Southlands :— Southland . Frozen Meat Co £i2,000| Murray's ' Ltd., ,£5000; two' business firms .65,000 and £4,000 respectively, and tively. WAXGANUI FORESTERS. SUBSCRIPTION, . ' WANGANUI, August 31. The Foresters . Lodge h^s cjecided to invest £500 in the War. Loan.