WAR LOAN DAY BY DAY.

Wanganui Chronicle, Volume LX, Issue 17076, 1 September 1917, Page 5

WAR LOAN DAY BY DAY.

AMOUNT APPROACHING THREE

MILLIONS

Per Press Association

WELLINGTON, Aug. 31. Reports with reference to the War Loan still continue! to be encouraging. The amount now known in Wellington is £2,885,000, antf it will not be until the close of to-day's business that the receipts at the smaller country offir-es, which serve a large number of moneyed men, will be known.

The demand for War Loan certificates i=s so large that a further issue will have to be printed. There seems to be a mistaken idea abroad that the Post Office 5 per cent. War Bonds cannot be, purchased by anyone who is a payer of income tax. This is entirely wrong. Th<> Post Office 5 per cent, bonds can ho purchased by any person or society whatever, so Jong as the amount obtained does not- exceed £500 for each person or society. At present the Post Office takes custody of War Loan certificates without charge. As soon as the necessary safes, which have been ordered by enable from England, reach the DomimVn, it is proposed to establish in all the larger centres a safe deposit system which will enable the Post Office to also take custody of Treasury bonds or Post Office bonds. Tliis system will also extend to valuable documents, such as deeds, wills, mortgage deeds, etc., and a small annual fee will be charged, according to the size of the package, with access at certain stated times.

Another large "Wellington company ha* decided to invest £25,000 of its funds in the War Loan.

The Public Service Superannuation Board, at its meeting this afternoon, decided to # invest £10.000 in the War Loan. This represents all the unin■vestfid capital at present in the Board's hands.

Amongst individual contributions to thp Lo:m may be mentioned one of £12,000 in Auckland and one of £5000 and another of £2000 in Christchurch. «l(=o £1000 at Manaia, and another-of £1000 at HaAvera.

The public Avho wish to convert War Loan certificates ir»to Post Office War Bonds are requested to defer making application until after the close of the loan. The date of conversion will not m any Avay affect the interest payable, as they will be allowed the present value.of War Loan certificates up to within a day or tAvo of the date up to which Post Office Bonds f>.e issued.