THE VICTORY LOAN.
ABOUT £3,500,000 SUBSCRIBED. FURTHER RESPONSE NEEDED. [BT TELEGRAPH.OWN CORRESPONDENT.] ©WELLINGTON, Saturday. The Acting-Minister for Finance, the Hon. A. M. Myers, stated to-day that £460,000 was received by the Treasury during July as subscriptions to the final Victory Loan. The total amount voluntarily subscribed to date is nearly £3,600,000. As soon as Sir Joseph Ward returns to New Zealand the question will be considered of issuing a' formal prospectus in respect of the loan in question, and stating the exact sum- still required. "Heavy obligations make it quite evident that it will be necessary to take action in regard to the flotation of the loan at an early date," added Mr. Myers, "and although the public generally have responded to the extent of the amount mentioned above, the compulsory clauses of Section 18 of the Finance Act 1918, arej still operative."
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Bibliographic details
New Zealand Herald, Volume LVI, Issue 17229, 4 August 1919, Page 4
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143THE VICTORY LOAN. New Zealand Herald, Volume LVI, Issue 17229, 4 August 1919, Page 4
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