Current War Loan Closing
(P.A.) WELLINGTON, This Day. The intention to close next Saturday, March IS, the current war loan of £5,000,000 which has been open for subscription since October last, was announced last night by the Hon. D, G. Sullivan. Tiffs loan, said the Minister, was part of the Budget programme for war finance for the current financial year and was supplementary to the main loan of £35,000,000. The £5,000,000 loan had been on an “over the counter” basis, thus supplying a, continuous form of investment. The amount required was almost in sight and it was hoped that before the closing date the full amount of £5.000,000 would have been received. So that an avenue of investment for war purposes would be open continuously tbe system, of “advance subscriptions” for the next, war loan would he reinstated. Investments in the current issue up to the end of this week and in “advance subscriptions” as from Monday next could be made at any money order office, any trading bank, at the district Treasury offices in Auckland. Christchurch or Dunedin, or direct with the Reserve Bank which is handling both issues on behalf of (he Government.
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Northern Advocate, 14 March 1944, Page 5
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195Current War Loan Closing Northern Advocate, 14 March 1944, Page 5
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