LIBERTY LOAN

Wanganui Chronicle, Volume 86, Issue 111, 15 May 1942, Page 4

LIBERTY LOAN

CAMPAIGN IN WANGANUI enthusiastic response “Investments in the Liberty Loan for the Wanganui district have passed the £30,00(1 mark and, with promises alreadv received, the first IjO.OOO is in si' 1 lit, a remarkable effort considering the fact that the campaign has only been in progress a matter of ten days," said the district organiser, Mr. J. Gillick, yesterday. If the interest created during tne past few days is maintained the outstanding performance in the Wanganui uisiriel, in the recent. ‘ Bonus lor Bombers” appeal, when £150,000 was raised in ten days, will be surpassed. It will be oi interest to the investing public to know that of the £2 600 000 subscribed for “Bomber Bonds.” only £825,000 was derived from the sale ol £lOO bonds, the major portion of the receipts coming from contributors ol £1 ana £lO bond*. It is clear, therefore, that the field for larger investments was not. touched to any great extent during that campaign. Accordingly generou* response to the Liberty Loan is anticipated Horn the available resources of larger investors. Tne highest contribution in Liberty Loan investments for the district was authorised by the Wanganui-Rangi-tikei Electric" Power Board at the annual meeting yesterday, when members decided to invest £5OOO in the loan. Further contributions receive;, yesterday were: Wanganui Aerated Waler and ice Cream Co., Ltd., £SOU, ana Warnock's, Ltd., £5OO. I'he highest individual contributions to date were one of 13000, two ol £2OOO, taree of £l5OO and seven of £lOOO. Several amounts oi £<so and £5OO have also been received. “it is pleasing to record Ihe interest taken in the campaign by *_orts bodies," said Mr. Gillick. . .iree sports clubs are holding special meetings within the next lew days to obtain the necessary authority to invest available funds in the’loan. Over Six Million Invested Total subscriptions to the Liberty Loan up to the close of business on Wednesday were i'J,238,990, made up as follows: —2i per cent. 1947 Stock, £2,300,180; 3 per cent. 1952-55 Stock, £3.938,810; total, £6,238,990. Wednesday's lodgments included the Norwich Union Life Insurance, £25,000; General Accident Assurance Corporation, £5OOO, and many other large subscriptions. a further £30,000 has been received from the Invercargill Savings Bank (making a total of £140,000), and £2OOO trom the Permanent Building Society of Invercargill. This brings Southland’s total to nearly £200,000 required by June 2.