LOAN RESULTS

Waikato Times, Volume 195, Issue 22446, 6 September 1944, Page 2

LOAN RESULTS

DOMINION TOTAL £7,886,400 INVESTED (By Telegraph.—Press Association) WELLINGTON, Tuesday The amount subscribed to the £40,000,000 Victory Loan today was £302,669, making the total to date £7,886,400. The objective percentages obtained to date are as follows: Southland, 46 per cent; Auckland, 37; Taranaki, 28; Otago, 26; Marlborough, 21; Wanganui, 19; North Otago, 18; Manawatu, 18; Westland, Wai-kato-King Country, 17; Hawke’s Bay, Nelson, South Canterbury and Wellington, each 17; Wairarapa, Buller and Northland, each 15; Thames, Bay of Plenty, Canterbury, GisborneEast Coast, each 14. Two insurance companies, the South British Insurance Co., Ltd., and the New Zealand Insurance Co., Ltd., have each decided to invest £200,000 in the Victory Loan. DISTRICT TOTAL £321,429 £120,476 FROM HAMILTON Investments in the Victory Loan yesterday totalled £10,549 ss, bringing the aggregate to date for the Waikato-King Country district to £321,429 0s Id. The allocation is £1,895,000. Hamilton’s contribution was £2911 19s, bringing the total for the town to £120,476 5s lOd. The rest of the district invested £7637 6s yesterday, bringing its total to £200,952 14s 3d. BANK INVESTMENTS Investments made through the trading banks in Hamilton today (up till 2.15 p.m.), in the Victory Loan amounted to £3,640. SUGGESTION TO FIRMS A firm with headquarters in Hamilton has given a lead in the suggestion that business firms could materially assist the raising of the district’s quota of the Victory Loan by encouraging employees to invest. This firm is prepared to assist employees in making war loan advances and allowing the money to be repaid by instalments spread over five months. It is pointed out that there are many employees who could not afford to make any lump sum investment but that if their firms were prepared to assist them in this way the Victory Loan would benefit to a considerable extent. BANK ADVANCES INVESTMENT OF SAVINGS Clients of the trading banks have received a personally directed circular from their bank manager. This is not only a reminder of a patriotic obligation in regard to the Victory Loan, states the National War Loan Committee, but shows how the banks are prepared to facilitate the use of a highly important source of investment. The offer of the banks is to make advances to individual customers for the purchase of war loan stock, the rate of interest debited to the customer’s account being the same as the relative return from the investment, namely 2i or 3 per cent, until the bank advance is repaid in April, 1945. This banking service will make investment easier for the propertyowning class in the community. They have had a lot to lose, and if the fighting men had not been willing to risk everything those assets would not to-day be worth considering as a loan security, so there is a clear call to pledge assets for national security. The Victory Loan makes calls on everyone’s spare cash, but £40,000,000 could not fairly be raised by calling upon the current year’s savings alone, hence the necessity for converting past years’ savings jnto Victory Loan stock. Money translated into labour power turns out the weapons of victory which will be so competently used by our fighting services. EXHIBITION OF STAMPS Japan’s war stamps have been numerous. They started with a lively pictorial representation of the attack on Pearl Harbour. A specimen of this stamp is to be seen in the Victory Loan exhibition at Messrs H. & J. Court, Limited. Soon there were other opportunities for boosting Japapese enthusiasm for the new order of the East. The taking of Bataan and Corregidor was commemorated with special stamps and the Japanese also issued a series for circulation in the Philippines and Dutch East Indies. Every other phase of the rapid progress of Japan was vividly illustrated on postage stamps, and the Japanese Government eventually endeavoured to maintain the morale of its people with official war postcards. The specimens in the Victory Loan exhibition are fine examples of printing. One postcard in colours shows a line of senior British officers at Singapore being triumphantly escorted by their Japanese? captors under cover of a white flag and the emblem of the rising sun.