VICTORY LOAN

Grey River Argus, 23 September 1944, Page 4

VICTORY LOAN

WESTLAND’S 28 PER CENT. Yesterday Westland added almost £5500 to its Victory Loan total, carrying the percentage of the quota, to 28. A big spurt is next week needed to negotiate the remaining 72 per cent. Hon. J. O’Brien and Mrs O’Brien will next week arrive to take part in; the campaign. To-night’s radio appeal should prove very successful. Kumara’s challenge to Ross is exciting interest. Kumara has now a marked quota lead; and is almost half way to its full quota. Yesterday’s investments were: Greyjmouth £3423, Kumara £2ll, Hokitika" £970, Ikamatua £255, Blackball £350, Brunner £2O, Moana £l5, Otira £l, Ross £2, Runanga £222, Ahaura £25. The percentage leaders are Kumara (49), and Blackball (39). The total to date is £127,802, and the local totals and percentages are as follows: —Kumara £3415—49; Blackball £6326—39; Hokitika £33,181 —36; Otira £716—35; Harihari £2308 —33; Runanga £8175—29; Greymouth £53,292—29; Jackson Bay £1888—24; Reef ton £7204—24; Brunner £2692— 22; Ikamatua £1582—20; Waiuta £1237 -—l5; Ross £1662—15; Franz Josef Glacier £749—15; Fox Glacier £lllB—- — Barry town £525—10; Wataroa £465—10; Moana £787—8; Ahaura £480—5.

Borough Council’s Investment

MAYOR’S EXPLANATION.

The question has been raised as to where the £3OOO which the Greymouth Borough Council is investing in the Victory Loan is coming from. The Mayor (Mr F. A. Kitchingham)' stated yesterday that it is coming from cash reserves, actual or provided for in this year’s estimates. Some years ago the Council decided to fund the rents from the Town Hall to provide part of the monies required to renovate or reconstruct he Concert Chamber and on March 31, 1943, the money to the credit of the Town Hall account at the National Bank was £933 11s Id. In 1943 this sum, plus £6 8s lid from the district Fund (making £lOOO in all) was invested in the Liberty Loan. In the year 1943-44 the rents from the Town Hall, plus £350 which was allocated for improvements to the caretaker’s-quarters, were again funded, while a new fund for replacement of motor vehicles w-as also started and £285 paid into it. On March 31, 1944. there was £1125 6s 4d in the Bank in these accounts. This year the Council made provision for funding the following amounts: —Replacement of motor vehicles £250, further instalment for improvements to caretaker’s quarters £350, and Works Machinery Fund £l5OO, a total of £2lOO, which, added to the £1125 6s 4d, provided the funds out of which the £3OOO is being invested. Realisation of the stock when the men return from overseas will enable the Council to proceed with the works for which the monies are allocated. DISTRICT PERCENTAGES WELLINGTON, Sept. 22. The amount subscribed to the Victory Loan to-day—inclusive of £518,254 for bonds issued in respect of wool retention monies—was £1,486,874, making the total to date £16,769,048. Objective percentages obtained to date are: Southland 63, Auckland 56, Otago 46, Taranaki 45, Marlborough 45, Gisborne-East Coast 42, North Otago 39, Wanganui 37, Manawatu 37, Hawke’s Bay 36, Wellington 36, Northland 36, Nelson 35, WaikatoKirfg Country 30, South Canterbury--30, Canterbury • 30, Wairarapa 29. Buller 29, Westland 28," Thames-Bay of Plenty 28.