THE WAR LOAN.

Wairarapa Age, Volume XXXVIII, Issue 11752, 19 August 1916, Page 5

THE WAR LOAN.

MEETING AT MASTERTON. There- was only a moderate attendance at the public meeting held in 'the Masterton Council Chambers last night in reference to the War Loan. Mr F. W. Temple, who occupied the chair, expressed disappointment at the small attendance. Mr Temple, in the course of his remarks, stated the opportunity ot subscribing to the first war loan should be embraced as a duty and a privilege by all sections of the community'. There were many who were disqualified from taking up arms, but the war loan gave them the opportunity of demonstrating their practical sympathy and patriotism. Mr Temple quoted figures to show the flourishing state of New Zealand, and stated if the people did what was rightly expected of them the loan would prove the success anticipated. He pointed out that at the outset of the war Mr Lloyd George stated-that it was the silver bullet that would win. He washed the people to bear thi s in mind. Wairarapa in the past had responded liberally to every appeal made, and lie did not think it would be backward on the present occasion. The purchasing of bonds and certificates was a good investment but this aspect was not all. It was the patriotism that counted. He moved that this meeting pledges by all moans in it s power to make the loan a decided success. Mr A. Hendry seconded.

Mr H..C. ltobinson stated that the war had boon in progress for two years, but the present was the first occasion on which the opportunity had been given the people to assist the State. The real measure of success depended upon the amount that was subscribed in small war certificates. He believed that the working class of the Dominion would give the lie direct to statements made that they had no stake in the country by subscribing handsomely. Mr A. D. Low emphasised the fact that parents could invest moneys lying to the credit of infants, and that whereas those with homes' savings banks were now only receiving Si per cent they would receive 4$ percent af the money was invested in war certificates. Mr A. Chapman urged the necessity of all subscribing to the loan. The motion was put and carried. DATE OF CLOSING EXTENDED. It has now been definitely decided that the date of closing the applications for war loan certificates shall.be extended from 21st August, as originally fixed, to a. date yet to be decided, in order to give the public every opportunity to invest. Investors are, however, requested to make application at as early a date as possible, in order that the position of the loan may be ascertained. A MISAPPREHENSION. (By Telegraph—Tress Association.) WELLINGTON. Last Night, Some misapprehension appears to exist'regarding the time of .closing ot the loan. Sir Joseph Ward to-night said he "desired it made clear that there was no change in the time of closing the main loan, so far as applications for bonds 0f,£50 and upwards were concerned. This would close definitely on August 21st. The extension only applies in the case of small investors in certificates for £1 to £SO issuing through the Post Office. THE TERM OF BONDS.

WELLINGTON. Last Night. Interviewed to-night, Sir Joseph Ward stated that as some intending subscribers to the war loan did not apparently see the value of investing for twenty-five year s instead of fourteen, he would meet the views of those av!i6 want to invest for fourteen years by putting them in the same and accept any one sum up to £20,000 to bear interest from Ist September, providing their application is in on or before 21st inst. At the same time he expressed the opinion that in all probability an opportunity for a longer term upon such favourable conditions was not likely to arise in thi s country for many years to come, a s the bonds would be readily saleable, and in all probability in. the next few years would be at a premium. He could not understand why anybody should, by preference, Belect the shorter instead of the longer term from an investment point of view. The advantage was on the side of the longer period. PATRIOTIC SOCIETY INVESTING. FEILDING, Last Night. ■ The Patriotic Society is investing £SOOO in war certificates. A very larg e business in certificates aucklionds was done at the Po s t Office to-day. _A public meeting was held tonight, and was addressed by prominent residents and farmers urcin« support of the loan. At the meeting of the Council of the Masterton Chamber of Commerce yesterday Mr D. M. Graham stressed the necessity of all members makin" an effort to subscribe to tli e war loan Mr R. Brown, who also urged a liberal response, contended that greater fame should be given the nedple in winch to make up their minds ns few appeared to sufficiently understand the position. ANOTHER PATRIOTIC SOCIETY INVESTS. PALMERSTON N., Last Night. The Patriotic Society decided tonight to invest £IO,OOO in war bonds. A resolution was also passed that in tlie best 'htfe'resfe of the Dominion and soldiers the Trentham Camp should at once I>e removed to a more suitable and healthy situation. The war loan sales at the Post Office to-day aggregated £3346.