£4,559,840 Wanted in Two-and-a-half Days

Manawatu Times, Volume 68, Issue 160, 8 July 1943, Page 4

£4,559,840 Wanted in Two-and-a-half Days

Rig Effort Required For Liberty Loan Per Press Association. WELLINGTON, July 7. Third Liberty Loan prospects were reviewed to-day at a meeting of the National War Loan Committee, the Acting Governor of the Reserve Bank, Mr. W. L. Ward, presiding. The conclusion reached after receiving reports from almost every part of the country was that the district war loan committees had iveloped their organisations effectively and that the results bad improved in each successive week. Consequently the National Committee expressed its confidence that the continued maintenance of campaigning vigour will achieve the national objective of a fully subscribed loan by Saturday.

It is, however, felt by the Committee that there is still need for every New Zealander to again face his national war obligation and invest more if it cannot be said that the original subscription is fairly in accord with the income and assets. “Keeping up the present pace will reach the goal, but we cannot afford to slacken,” was the point of the whole ‘scussion.

Reports from officers of the Reserve Bank, who had toured large areas ol the Dominion, were encouraging as they were unanimous that never before haa there been so complete a recognition ot the obligation to support the war loan. The activities of the loan committees supplemented by national publicity had, they agreed, succeeded in creating what they termed a feeling of “Liberty Loan mindedness,” and that the fixing ot district targets encouraged a healthy spirit of emulation.

A certain amount of tardiness among people in the country districts in sub scribing to the Liberty Loan was considered by the committee to be partly due to difficulties of travel. Therefore, it had been arranged for the convenience of farmers and any others who were unable conveniently to reach offices where investments can be made that all banks and post offices win accept telephoned instructions to take up loan stock or transfer post office savings deposits to National Savings Accounts. Banks and money-order offices throughout New Zealand will open from 7 till 9 o’clock on Friday evening to receive loan subscriptions. Wednesday’s subscriptions to the Third Liberty Loan added £1,764,729 to the total, bringing it to £30,140,160. Thus in the remaining two and a hall days, the amount still to be raised is £4,859,840.

Institutions . 7,810,000

Total Percent Subscribed • £ ago Balance £ Nelson 575,270 105 Wellington 4,20(5,611 96 174,389 Blenheim 250,740 92 21,260 Dunedin 2,213,253 89 278,74? Invercargill 1,144,044 88 150,956 Auckland 5,659,757 85 1,055,243 Gisborne 395,411 79 110,589 Napier 867,007 72 333,993 Wanganui 647,984 66 333,016 Timaru 525,456 65 288,544 N. Plymouth 711,758 64 398,242 Palm. North 929,918 64 515,082 Ch.-Ch. 2,435,410 59 1,679,590 Greymouth 240,375 52 224,625 Oamaru 156,461 51 147,539 Westport 66,172 46 79,828 Hamilton 933,278 45 1,116,722 Thames National 371,255 43 487,745