THE WAR LOAN

Otago Daily Times, Issue 24698, 29 August 1941, Page 4

THE WAR LOAN

£10,000,000 OBJECTIVE TOTAL NOW £6,000,000 (6.C.) ■, WELLINGTON. Adg. 28. An announcement that the contributions to the'£lo,ooo,ooo War Loan now exceeded £ 6,000,000 was made, in the House of Representatives to-night by the Minister of Finance, Mr W. Nash. “ The subscriptions to-day exceeded £1,000,000; and it would, be splendid if on Monday I cowd* announce that the sum required hau.been pyer v -sjut|scribed,” Mr Nash said. To-day’s subscriptions included a further. £IOO,OOO from the Government Life Insurances £20,000 from the Guardian Trust, and £20.000 from the' North Island Motor Insurance Company. . .. District Lists

The totals from the various districts were interesting. Mr Nash said. Auckland’s total was £583,800, w,hich: included £300,000 from the Auckland | Savings Bank,, but excluded contribu* ’ tions bv insurance and trust companies. Other districts in order were:—Wellington, £326,620; Otago, £205,160 (including £75,000 from the Dunedin Savings Bank); Canterbury, £134,710; Southland, £112,510 (a remarkable contribution in its way. commented Mr Nash); Wanganui and Taranaki, £102,340; Hawke’s Bay and Poverty Bay, £90,420; Waikato and Bay of Plenty. £38,360; Nelson, West Coast and Marlborough, £31.630. ;• “Does this House realise that the Battle, of the Atlantic is not yet won, that we may yet have to fight a Battle of Britain, that Russia and Germany , are locked in a deadly struggle and that our forces in the Middle East may yet have to fight greater battles? ” asked Mr W. P. Endean (Opposition, Remuera), appealing for support for the war loan. “I am 100 per cent, behind the Government in its war effort,” he said, “and if the people of New Zealand want to be free they should get behind it, too." An Imperative Need

Mr Endean said he considered that the civil expenditure of the country was too high, and might prejudice the Dominion’s war effort if the conflict lasted a long time. He urged the people to do their utmost tp. subscribe to the loan, as on the successful prosecution of the war depended the future of democracy. The people were not suffering as the people of Britain were, and they should bs prepared to make sacrifices. STOCK EXCHANGE INVESTMENT (P A.) CHRISTCHURCH. Aug. 28. The Christchurch Stock Exchange taking up £SOO of war loan. : ? , J