THE WAR LOAN

North Otago Times, Volume CIII, Issue 13656, 25 August 1916, Page 1

THE WAR LOAN

MONEY STILL COMING IN FREELY. SMALL JilS'K OE POEG'EBY OF CERTIFICATES' \ . ■ (l'or Press Association,) WELLINGTON, August 23, Though the sale of.'war bonds was to have ceased ou Monday.'evening last,, money is still freely coining in. The sale of certificates.'.tfa's'Mjiiceted.to fall off after ''August ,21st ; (d,iying to the, original ainiounce.men't thai the '-loanwould close on 'that, date)}'.but such is not the ease, The Postal authorities record the fact that.. ; on'.Tuesday over £28,000 worth of certificates was'sold in the Dominion, and the demand for them j appeared to be increasing, not diminishling. - , _■ ' ■;. A big,rush is expected. ; next. week' from those people who are Waiting to get tho month's interest'6n; their deposits iu the Government Savings Bank before withdrawing'.them.-;;for invest-' ment in war loan certificates. Inferring to the belief held by.some that war loan certificates could' fairly., easily be forged, it has been pointed out by an authority that such is not the case. He does .not deny that, it would be possible to forge'a,certificate any more than it would be to-forgc a banknote, but in the first case, anyone with such intent, would have,to act in collusion'with some special paper mill, as the paper for the certificates is the same as that used for postal notes, ami bears the same mark. Having'the paper, they would then have to undertake a delicate bit of work, in 1 which the cleverest forgers might be tripped, Under' these it is not thought that there need'bji auy, cause for uneasiness oii the scor|. mentioned. There is none in the local General Post Office. RAILWAY EMPLOYEES. DEPARTMENT GRANTS HELP CHRISTCHURCH, August '24. The Mayor (Mr. 1L Holland) has received the following telegram' from the Minister'of Railways:—"ln reply to your letter of'the 19th inst, with, regard to the war loan, I.have to state that arrangements' arc being made to give all railway employees an opportunity of investing in the; war loan by having stipulated instalments deducted ■from their pay. The reason for the delay in replying is that arrangements had- to bo made with other Government Departmcnts.T-W.'H; Hemes, Minister of Railways," .■'■.■. SOME INVESTMENTS. (Pn Preii Aiitciitlon) GISBOKNtV-.Auguat 23." • War loan figures froni! the Post Office are not available. The loc,al' : banks report that between £70,000 and i' 80,00,0 has'been invested through them, these figures including two sums of £IO,OOO, each, . , ■ • NEW PLYMOUTH, August 23. ■War bonds to the value of £10,840 and certificates worth £4525' were sold' at the New Plymdutli Post' Office up to Monday., The other offices in the postal district, extending to Hawera, sold £211)000 worth of bonds and £7640 worth of certificates. . WANG AN Ur, August 23. Wanganui investments in the Avar loan to date are~£los,ooo through the bunks and post office. The Otago Daily Times understands that the National lusurauce Company applied for £50,000 of the war loan.