VICTORY LOAN

Grey River Argus, 12 September 1944, Page 4

VICTORY LOAN

YESTERDAY’S INVESTMENTS Investments in the Victory Loan in the West Coast districts yesterday totalled £4,775, bringing the district total to £90,875, 20 per cent, of tne objective of £456,000. Ikamatua and Blackball made outstanding increases in their investments yesterday, eacn gaining an additional six per cent, oi its objective. Details of investments at the various offices are: —Greymouth £2,403; Blackball £1,038; Ikamatua £525; Reef ton £254; Brunnerton £201; Fox Glacier £156; Wataroa £100; Hokitika £80; Harihari £lu; Ross £7. . Ross £7; Otira £6; and Waiuta £l. BOND WAGGON VISITS GREYMOUTH Members of the Bond Waggon party, who are touring the South Island in support of the campaign for the Victory Loan, apeared at tne Town Hall, Greymouth, at noon yesterday.’’ There was a fair attendance of the public. The Mayor (Mr. F. A. Kitchingham>, welcomed the party and expressed regret that they would not oe able to visit Westport and other parts of the district. We were asked to back the attack, he said, and so we should. The war had been going for five years, put many thousands ot people in the district did not seem to realise that there was a war on. Greymou'h had to raise another £147.000 in the next 24 days if it Avas to reach its objective in the Victory Loan, he added. Hon. J. O’Brien, member for Westland, also welcomed the visitors and said that Ave were glad to be able to welcome in a Victory Loan. In a few months we would have a European victory firmly established, ’.‘and let us hope,” he said, “we will be welcoming in a world of permanent peace.” New Zealand has been a particularly lucky little country so far as the war was concerned. ' Referring to the money that was available, he said the Post Office Savings Bank deposits were almost a world record per head of population, and there were large amounts in other banks. New Zealand people had not suffered financially as a result of the war —in fact in that respect most of us were'better off. The working people arrd the Labour movement were right behind the loan. Mr. O’Brien adaea that the Directors of the Grey River Argus Company, of which he had been Secretary for a number ot years, had decided to put £5OO into the loan.

The Bond Waggon party, Sgt. Eddie Hegan, W/O ’Reg Lamb, Pte. Colin Campbell, Pte. Joyce Chmeron, W.A.A.C., Esme Pedder, Danny Gorman. then contributed an entertaining programme. They were assisted by Miss Seena Dowell, who played ■ a piano accordion solo, and a duet with Mr. Gorman, and Mr. Jim Duffy, who sang two songs. Mr. Hegan, leader of the party, made a brief appeal to those present to contribute to the loan by buying bonds from members of the W.W.S.A. in attendance. Mr. F. F. Boustridge, chairman ot the local National War Savings Com--mittee. expressed appreciation of the programme. The party had been present not only to entertain but to direct attention to the loan, he said. If we wanted our men to go to Berlin we had to be prepared to pay their way. and it was by contributing to the loan that we could assist them. Mr. Boustridge announced that Mr. and Mrs. D R. Dowell were investing £l,OOO in Victory Bonds. NATIONAL TOTALS P.A. WELLINGTON, Sept. 11 The amount subsc vribefi to the Victory Loan to-day was £452,097, making a total to date of £9,739,829.' Objective percentages obtained to date are as follows:—Southland dis* trict 50 per cent.; Taranaki 33; Otago and Marlborough both 29; Wanganui and North Otago both 24; Manawatu, Hawke’s Bay and Gisborne East Coast all 22; Nelson and Wei ington both 21; Waikato King Country. Northland, and Westland all 20; South Canterbury, Buller, and Wairarapa all 19; Canterbury 18; Thames Bay of Plenty 17. CHRISTCHURCH Sept. 11 The city council has invested £ll,000 in the Victory Loan, representing £5.500 each from its fire insurance fund and accident insurance fund. -

PLEDGE-S OF CAPITAL URGED ON N.Z. FARMERS P.A. WELLINGTON, Sept. 11 “The Victory Loan investment obligation involves a call, not only on U proportion of our current incomes, but a pledging of capital resources,", states the National War Loan Committee.” From these aspects how well can tlhe farming community respond can the farming comunity respond. The answer is that they can be expected to do as they have done with the call to maximum production —extend themselves to the limit. Farming is the Dominion’s greatest industry. Therefore,' it can be justifiably assumed that a very large part of the £257,000,000 of private income, last year went into the pockets of the men on the land. They should, therefore, on this ground alone, be fairly asked to invest well in the Victory Loan. The community’s income is more than double that of the prewar period, and future prospects tor primary production have been wonderfully assured by the United King? dom’s undertaking to purchase New Zealand’s meat and dairy products for the next four years, on an enhanced price basis. With prosperity today, and an assured future, our farmers should have no anxiety over investment to the full in the Victory Loan, putting their full weight into the financial fight in the same way as they back the home front ettort for Britain’s food supply.”