WAR LOAN.

Timaru Herald, Volume CVII, Issue 16524, 20 April 1918, Page 7

WAR LOAN.

A GOOD RESPONSE. BUT- A MILLION SHORT/ JPer Press Association.; " . '/ " WELLINGTON, - April 19. ' " Joseph Ward made an import- • ant statement to the i J resis to-day ■ regarding. the 9i- millions war rloaii' He announced tnat the amount of L con tn. buttons/received was 8* millions Upon tJie, whole. it was a good response. It was evident, irom the information received, - that a number pf people Jiad held back because they felt t-liat compulsory clauses of the Act should bo put into operation to ensure that those who had not liith erto.. .subscribed should do their part. He thought this was but natural. As lie had already announced, the compulsory- clauses would be put into lore 6" as soon as the necessary maciiunery was prepared. When tno Commissioner of Xaxes • had served notices, .on- the persons concerned, there' was ample provision for appeals. He hoped tor an . early response from those who a , contributed, as it would save the necessity for a considerable amount of correspondence and demand ensuro to subscribers the hiHim- , rate of interest. gUel in ifeferenoe to the . twenty milKon loan authority for which had benn giyeit by Parliament, Sir Joseph Ward said-he wished to make dt known lor . general information that it would not be necessary to go mpon the market for any of this loan till about the end of November, or middle of December next; and then not the full amount, l 'i t -£ r 12 millions would be asked for. He made this announcement now to give ample time to those who would require to subscribe to -he new loan. It would be recognised that that would be a good time of year for "asking for money. It would ], e futile to diisjrni.se the fact that +he jiioney required for war purposes must J 3 ® provided. If all did ,their part he was confident that, though the am on nis requived were large? thev could be fully provided.