HELPING THE MOTHERLAND.

Poverty Bay Herald, Volume XLIII, Issue 13899, 24 January 1916, Page 3

HELPING THE MOTHERLAND.

1 '■ CANADA'S FINANCIAL Alp. I (London Time, and Sydney Sun Services.) (Rece-Ved January 24, 8.30 a.m.) LONDON, January 23 The Times financial trade review states that there is no more significant thing m. connection with financing of our adverse balance of trade than the Canadian Government's arrangement to credit the Lnjjerial Exchequer, with part of the first internal Canadian loan. Canada's example shows the. self-govern-ing domdnioris the possibilities of finance if the war conditions are prolonged. Perhaps it will be the beginning of a new era of Imperial financial arranjrements. A recent issue of the London Times stated : — lt was announced on Saturday at_ Ottawa that the subscriptions '6f the internal Canadian loan (the first' raised m that Dominion) of ten millions having extended to over double that amount it would be increased to one' of twenty millions and the extra ten millions would be employed for establishing a credit m Canada for the If&perial Treasury for the purchase of. munitions there. . • -We can only think (says the 'Dunedii. btar) that Canada, like Mary of -old, has chosen the better part. Nor can 'we re* frain from adding that, in ' our "judgment, many m New Zealand h^V^.'yet to learn the veriest elements of their duties and obligations to tlie Motherland m this the sunreme hour of her fate v . Tlie Marlborough Review states: — We are carrying on our share of thiftfrar on money borrowed from the Mother Country, which nevertheless wants every penny it can get. And- yet millions— six and a half million*»-more money came into this country last year than" m the previous .year-. Admitted that ,we pay the interest on our war loan, ' admitted! that the capital sum will have, to be repaid sooner or later, the fact ttlmains that we are drawing 1 upon Britain's financial resources; at a time when 'tbe Imperial Government is sofely pre_Sed for money. Our veal duty is 'io "float and subscribe to our own war 10an.,,,'.,