THE WAR LOAN.

Sun (Christchurch), Volume III, Issue 787, 18 August 1916, Page 8

THE WAR LOAN.

EXTENSION OF TIME. SMALL INVESTORS' WISHES. [Special to The Sun.] WELLINGTON, August 18. An extension of time for small investments in war loan certificates is intended to meet the wishes of many persons who wish to support the loan, but who are unable to command money at short notice. Some employers are willing to make weekly deductions in salaries in order to pay for loan certificates on behalf of the employees. Judging by reports from all parts of the country, it is expected that the final result of the appeal to small investors will be surprisingly large. The Treasury is meeting the expressed wishes of small investors, in arranging to provide for the safe storage of certificates in Wellington. Conditions will be announced later. A GENEROUS OFFER. FIRM ASSISTING EMPLOYEES. WAR LOAN CERTIFICATES. To assist and encourage its employees to invest in the New Zealand Government war loan, the following offer is being made bv the D.I.C.:— The company is prepared to purchase, on behalf of any employee, any amount of war certificates from £1 to £SO worth, that is to say it will expend from 10/- up to £4O. This sum is to be repaid 1/- in cash out of every 16/-, the balance in equal monthly instalments extending over 15 months. By this meafts, any employee paying 1/- in cash and 1/per month for 15 months will receive at the end of that time a certificate entitling him to receive £1 at the end of five years from the date of payment of his first shilling. Similarly, by the payment of 10/- cash and 10/- per month for 15 months, he will receive certificates entitling him to receive £lO at the end of five years. In the event of any employee leaving the company before the completion of his payments, he will have the liberty of continuing to pay his monthly instalments, but if he should be unable to do so, the company will pay to him the amount he has already paid, with 4* per cent, interest added, and the company will take over his certificates. This applies to all the company's branches in New Zealand, and as the company employs a staff of over 1000 it is anticipated that a considerable amount will be taken up. Already some of the Christchurch staff have applied for the largest amount mentioned by the company.

A SPLENDID LEAD. THE MAYOR'S OPINION. "1 hope the splendid lead of the Tramways Board in giving oppor* tunities to its employees to invest in the War Loan will be followed by employers generally," said the Mayor to-day to a Sun representative. It was unfortunate, he added, that the time given by the Government was so short. It hardly gave the small investor an opportunity to arrange his finances. However, he had no doubt that Christchurch would not be behind other cities in subscribing to the loan. The special advantage to small investors contained in the Government's scheme would be fully explained at the public meeting this evening by a representative number of Christchurch business and commercial men. A SCHEME FOR WORKERS. Mr J. J O'Gorman, official lecturer in Christchurch for the National Provident Fund, is at present engaged in pushing the sale of war loan certificates Mr O'Gorman is asking that the different firms, • where large numbers are employed, * shall cease work for a brief period in the day to permit him to deliver lectures to the employees urging them to invest in the certificates. He suggests that the employees should contribute small sums—say, £5, for investment in the certificates, the money to be deducted from the wages by the firms and invested on behalf of the employees. Mr O'Gorman is working under instructions from the Chief Postmaster at Christchurch. POST OFFICE FACILITIES. Withdrawals may be made from the Savings Bank account ofddepos- t tors at the Chief Post Office, Christchurch, between 7 and 8.30 p.m. tonight and to-morrow night for the purpose of investment in war loan certificates.