WAR LOAN HEAVILY OVER= SUBSCRIBED.

Wanganui Chronicle, Volume LX, Issue 17078, 4 September 1917, Page 5

WAR LOAN HEAVILY OVER= SUBSCRIBED.

i\ TFARLY 16 MILLIONS OBTAINED

PEOPLE'S GREAT RESPONSE TO

i\ &TIONAL CALL

W.ELLTNTON, September 3. The pedocl fixed originally foi' subscriptions to vlie Liberty Wai Loan dojcd to-day, and th.<j Minister of Finance was alle to siniounce to-night that the loan had been, heavily p.versub/icribecl. The Government asiked for J2 millions, as n frst instalment of the 9.2 million.-; estimated to be required for war purposes during the current financial year. The amount receive;! up to this evening was c\ er £15,800.000.

Sir Joseph Ward infoimed a ic.porter that the figures were not final. Some return.1! had still to be received, and *.v:, had reason to believy that the final total would exceed the very large sum he had mentioned. Ho was aware that some people had ira beer, able to complete their u&.criptions in the short time nllowedMßd there were other contributors —ifjMrcuHg companies, friendly societies, and trustee*:—who had to wait for the powers being given by the Finance Bill at present before Parliament. He felt entitled to rgarcl the loan as an unqualified success. Th 3 Loan had been on the market about three weeks, added the Minister. Somo people had thought the time was too short, but the result showed what the community could accomplish when it set to 'work in earnest to meet a national, call. A very fine spirit had'been displayed 'throughout the Dotainion, and he wished lo thank waa-mly, on behalf of the Government, all these who assisted publicly and privately lo make, the loan a, succef s. The last loan closed on August iiOfch, 1916, and had also been over-subscribed. Witlmi a period ■of a little over 12 months the people of Npw Zealand had provided over 30 millions for Avar purposes. This effort was simply magnificent. Sir Joseph Ward added that although' the period allowed for., subscriptions to the Liberty Loan had expired, the Treasury would still 'icce.pt sums that had been delajyed for any reason. He would make a further announcement on that point later..