WAR LOAN

New Zealand Times, Volume XL, Issue 9096, 15 July 1915, Page 8

WAR LOAN

HUGE TOTAL OF SUBSCRIPTIONS A DECLARATION TO OUR ENEMIES. B/ Tcleerapli— Press Association—Copyriulu LONDON, July 13The Chancellor ot tho Exchequer > (Bight Hon - Reginald. McKenna), "speaking in the House of Commons, protected against the exaggerated estimates of the war loan by some newspapers. The Government had not expected, and had not desired, subr.i.Tlptions totalling £700,000,000. It ■•■ there had -been a likelihood of £BOO,---000,000 it would have closed the list as an unnecessary disturbance of business. —There wore. 550,000 subscribers through. ■ the Bank of England, totalling £570,- : <XKJ,COO, apart from 5-17,000 through the Dost Office, totalling £15,000,000, and apart from vouchers sold. “ I cannot speak without emotion,” said the Chancellor, “of the efforts 'anade bv every class to scrape together ■ w its““l ( Kd’!lffirf t !r' You must remember that the markets are practically closet! .to the sale of all securities. Thousands 'would have been willing to sell their securities, hut there were no buyers. The result of tho loan was a declaration to enemies of the Allies that the United Kingdom will be faithful to its "trust.” PRICE OF GOAL ” BILL TO LIMIT IT. By Tolegrapb—Proos Association—Copyrlffhl LONDON, July 13. The President of the Boaid of Trade (Right Hon. Walter Runciman), in the House of Commons, formally introduced ' a bill to limit-the price qf coal. It ' wilh be read a second time tomorrow. ■ BELGIAN FOND ' By Telegraph—Preaa Association —Copyrl^lil LONDON, July 13* The Belgian fund totals £640,000. BOTHA’SjiGTORY GENERAL REJOICINGS IN ■ INDIA. JIT Telosrraph—Press 'Association—Copyright SIMLA, July 13. Flags are flying in the principal cities in honour of General Botha’s victory. The rejoicings are general. TRIBUTE IN HOUSE OF COMMONS. LONDON, July 13. Tho House of Commons has adopted 'a motion thanking General Botha and the South Africans under him. Mr Asquith said the theatre of Operations was- of vast extent and singularly unsuited to military movements. . Jt was a desert of shifting sand, waterholes were rare and often poisoned, the roads thickly strewn with mines', the railways torn up. Yet, with comparatively small cost of lives, General Botha secured a striking success. Combi nod with the mobility and endurance af his troops, he made effective resistance at anv point impossible. Boers and Britishers fought like !brotlhers, side by side. Mr Bonar Law. the Right Hon. H. Chaplin, and Mr T. R. O’Connor paid glowing tributes to Generals Botha and Smuts 'and the troops. SURPRISE FOR GERMANY. (Received July 14, 10.40 p.m.) LONDON, July 14. Mr Bonar Law said that the co-ope- . ration of; the. Dominions was tho greatest surprise to Germany, who was anticipating the dissolution of the British Empire. He added:. “ Wo had not the power, and would not have dreamed, of compelling tlie Dominions to give ns help. , Yet, groat armies volunteered from In- ; ,-dia, Australia, New Zealand, and Canada, regarding this as their quarrel. The whole Empire delights to honour General Botha ” RECRUITINGINAUSTRALIA MEN’S POSITIONS TO BE KEPT ■ ' ■ >-■* OPEN. ißy Telegraph—Preaa Association—Cop/rich I SYDNEY, July 14. The business men’s recruiting meeting carried a resolution to reinstate in llioir former positions all employees ■able to take them on returning from .the war. ’Tile"Premier (Mr Holman) emphasised the possibilities of female laboui to fill tho gaps made by recruiting. HUNDRED. THOUSAND RECRUITS. "MELBOURNE, July 14. Senator Pearce (Minister for Defence) has announced that when tho troopa now embarking arrive, Australia will have 80,000 men at the front. The total number of recruits is 100,000. Arrangements are being completed to enable recruits rejected on the grounds of medical unfitness, remediable by an operation, to obtain attendance preparatory to a second enlist- ■ nient. CAMPAIGNS IN SOOTH AUSTRALIA AND TASMANIA. . v ADELAIDE, July 14. South Australia is commencing a recruiting campaign similar to the Victorian. HOBART, July 14. Cecil MeVilly, winner of the 1913 Diamond Sculls, at Henley, has enlisted. Tasmania is commencing a recruiting campaign.