War Loan Point: The Voluntary Investor

Northern Advocate, 29 June 1943, Page 2

War Loan Point: The Voluntary Investor

(Special) WELLINGTON, This Day. Assuming that a compulsory war loan is found necessary during the present financial year, what will be the liability of voluntary investors in the Third Liberty Loan? This question is being asked, and (states the National War Loan Committee) these investors are entitled to a definite reply. The financial statement by the Minister for Finance (Mr. Nash) makes no reference to any possibility of a compulsory loan. It sets out the estimated war expenditure and details specifically the proportions to be secured by taxation and by loans. “All will agree,” commented the Minister, “that we owe it to our armed forces io see to it that they are supplied with the sinews of war to the limit of our resources. This objective can be achieved only by either taxation or investment in war loans.” Though no hint is given of compulsory loans, continues the National War Loan Committee’s statement, the Minister does infer that if the loan revenue is insufficient there is the taxation alternative. However, there are Liberty Loan subscribers with a responsibility for budgeting well ahead and making provision for contingencies. They will be reassured to know that, in the unlikely event of compulsion becoming necessary, whatever has been already done voluntarily in connection with the current loan will receive full recognition. The investor will not be called upon to invest twice.