THE WAR LOAN

Otago Daily Times, Issue 16782, 25 August 1916, Page 3

THE WAR LOAN

At ;i lioard meeting of the directors of Mctvis flight, Stephenson, and (Jo., oh Mouthy, it was rctolvinl to invest £20 000 in (ho recently losued (Jovoinini'iit war loan.

ENCOUR \GING EMPLOYEES' INVESTMENTS. A mooting of employees ot Messrs lleitl and liiaj was held to consider the proposals Iroin tlio lum in comiot tion Willi the war ct itilieatTlio lum purchase the ceitilicates>, and c mployi'c-s lepay ill foil nightly p<ijmi'tiLs ot l.s per 16s certihcate'. _ 'lho liowrnmdit olliciaks supplied 12b certificates to lv-eid and (ira.v'h emphnoes on We'dccsda} , with pi onuses of moro to follow It is understood that moie iciti/iuutcs Hill jit be taken by the employees. Tho Wcstporl Coat Company is providing au easy way for tiio membiis of it& large olfico st.ill to obtain war certificates. Each individual may take any number of war oprtilieates up to 100, and tho full amount ol the puithitoo money will be ndvanced by the company, the money to bo repaid at tho rate of Is a month tnr each certificate. Should a purchaser want to withdraw at any lime, tho company will icturn tho money paid m and retain tho certificate-. Tlie response from £ho employees of tlio Bnstol I'i.uio Company to the offer made bv its cliii'ctorb to assist in the purchase of wai coitihcates has been most gratifying Applications aro not v_et complete, but, in answer to inquiries wo were informed jesterday that the company would bo purchasing considerably over £1200 worth of certificates on behalf of its staffl Tho advances aro being made fieo of charge, and Iho company accepts repayment spread over 64 weeks by instalments of 3d per week for cacli 16s advanced. Wo learn that in addition the directory havo applied for £<1000 of war bonds.

Tho following investments in the war loans aro announced in our exchanges:—■ Wairar.ipa Automobilo Association, £400; Eketahuna Foresters' Lodge, £300; Australian Mutual Provident Society. £250,000; Kaupokonui Dairy Factory, £4000. Mr W. J. Doutrlas, proprietor of Everybody's Theatre, Hastings, lias agreed to give the whole of tho profits for tho next six months to the ar Loan lund. At TtU'sday night's meeting of tho Oore Borough Council tho M.wor and town clerk, as trustees of tho sinking fund, reported (says tho Mataura Ensign) that tho fund, amounting to some £800. had been transferred fiom tlio Post Oflico Savings Bank to tho war loan.