TOTAL £12,388,000

New Zealand Herald, Volume 79, Issue 24287, 30 May 1942, Page 8

TOTAL £12,388,000

LIBERTY LOAN GROWS

OBJECTIVE FOR AUCKLAND Confidence that Auckland would reach the two million pounds mark in subscriptions to the £15,000,000 Liberty Loan was expressed by the organisers on the basis of yesterday's response, the day's total being £429,900. This brings Auckland's subscriptions to date to £1,504,076. The Reserve Bank announced from Wellington last night that the total for the Dominion had reached £12,388,000, with some returns still to be received. Yesterday's subscriptions, also incomplete, were £1,770,000. Latest Subscriptions Among large subscriptions received yesterday by the Auckland banks were tiie following: New Zealand Insurance Company, £50,000, making £150,000 in all from this company; New Zealand Insurance Company Provident Association, £25,000; South British Insurance Company, £50,000, in addition to £IOO,OOO previously subscribed; Auckland Savings Bank, £150,000, making the bank's total investment £350,000; Colonial Sugar Refining Company, £50,000; It. and W. Hellaby, £20,000; B. J. Ball (N.Z.), £20,000; Auckland Meat Company, £10,000; Smith and Caughey, £12,000; New Zealand Glass Manufacturers Company Proprietary, £10,000; Auckland Transport Board, on account of staff, £SOOO, in addition to the board's own subscription of £10,000; Collins Brothers and Company, £7500; John Burns and Company, £5000; London and Lancashire Insurance Company, £5000; Berlei (N.Z.), £5000; Fairbairn Wright, £4000; J. H. Buckland and Company, £1000; Woolleys, Limited, £1000; Mr. C. H. Ryman, £1000; Russell and Somers, £1000; H. C. Abbott, £500; Auckland Rugby League, £IOO. Parade Through City Sellers, both men and women, of bonds in the Liberty Loan were active in the city streets at mid-day yesterday, when a large military parade marched in brilliant sunshine to stimulate interest in lending for victory. From Grafton Road, the parade marched down Queen Street to the Chief Post Office. Military bands led sections in battle dress and a pipe band led members of the Air Force. The route was thronged with spectators and thousands gathered at the foot of Queen Street, where a band under Lieutenant R. Francis played marches. Bond-sellers met with a good respouse. LARGE APPLICATIONS EX-SOLDIERS' IN VESTMENT (P.A.) WELLINGTON, Friday Large loan applications include the Wellington City Council, £100,000; the Vacuum Oil Company, £12,000; Williams and Kettle, Limited, £10,000; Hancock and Company (Auckland), £10,000; Sargood, Son and Ewen, £35,000; Thomson, Lewis and Company, £10,000; Colonial Mutual Life, £50,000. The New Zealand Returned Services' Association has invested £IOOO in the Liberty Loan "as a token of its duty to thbse who are fighting not only to preserve our liberty, but also to ensure our very existence." NO COMPULSORY ISSUE DIRECTOR'S ASSURANCE (P.A.) DUNEDIN, Friday A director of the Reserve Bank, Mr. Mark Silverstone, stated emphatically this morning that there was no foundation whatever for a rumour current that the Government intended to put a compulsory loan on the market when the Liberty "Loan was closed. STREET FATALITY WIDOW'S CLAIM FAILS A verdict in favour of the defendant was given by the jury yesterday jn the case in which Catherine Gladys Swindley, widow (Mr. Sullivan), claimed £1513 10s damages against W. Lovetc, Limited (Mr. V. It. Meredith and Mr. Cleal), for the death of her husband, Francis Joseph Swindloy, fish curer. Swindley was struck and killed by a truck owned by the defendant company when ho was crossing Fanshawe Street on February 9. The trial was conducted by Mr. Justice Callan. Opening the defence, Mr. Meredith said this was a case, if ever there was one, in which deceased did an act by which ho himself was injured. It was a case of a man running off the kerb at full speed without looking, and running in the direction of the oncoming traffic. No motorist had an earthly chance of avoiding an accident in such circumstances. The driver of the truck involved in the accident, Henry Francis Anderson, estimated his speed just prior to the accident at 20 or 21 miles an hour. He had just passed a moving tram, and suddenly saw a man in front of him. He shouted at the man, put on both brakes and swerved, but could not avoid the accident. Mr. Sullivan was granted an extension of time in which to move for a new trial, and, subject to this, judgment was given for defendant. "BLATANT LOOTING" SYDNEY WHARF THEFTS SYDNEY, May 21 A police raid on a Sydney wharf which resulted in the conviction for theft of 14 wharf labourers was a welcome development, says the Sydney Morning Herald in an editorial article. The penalties imposed, however, cannot be considered heavy enough as a deterrent. The magistrate did say. that the correct tiling would have been to send the men to gaol, and certainly nothing less is likely to stop this blatant looting. Early last year a shipowners' report to the Arbitration Court stated that there had been an alarming increase in cargo pillaging since the war began, and that Sydney had a very much worse reputation in this respect than any other Australian port. The evidence given in the latest Court caso by a detective-sergeant revealed the scandalous proportions to which the evil has grown. If intimidation of watchmen, which he mentioned, is the chief difficulty in bringing the thieves to book, the Government should take drastic action to prevent it War conditions make necessary a close watch on the wharves, and so there should be no serious obstacle to wiping out this looting altogether. Any legal difficulties, could be overcome by issuing appropriate regulations under tiie National Security Act.