Show AUSTRALIANS TAKE UP LiP HUGE WAR NAR lOAN LOAM Y MELBOURNE E Australia Oct 21 Much Much to the gratification of the Australian government the first Issue is issue issue Is- Is sue of the commonwealth popular war loan loan of consisting of applications for which expired upon August 5 SI 1 was vas largely oversubscribed Upon September 3 In the house of representatives amid cheers from the members the prime minister Andrew Fisher read a l letter let letter let let- t- t ter from the governor of the Com Com- bank in which the latter announced d that the number of application applications cation received for tile the Issue was nearly and the total am amount applied for tor was Just short of It Is evident Mr Fisher said addressing ad ad- ad dr dressing the house that the amount subscribed will be substantially over oyer which is practically two two- thirds of the total amount of ot the loan The Commonwealth bank and vanous varIous various vari van ous private banks were large subscribers subscribers subscribers sub sub- scribers t to the issue also two Insurance Insurance insurance ance companies the Colonial Sugar Refining Henning company the so called caned augar au su sugar gar trust of ot Australia the Broken Hill HUl Proprietary company compan the owner of ot the extensive silver zinc and lead mines at Broken Hill and the steel plant at Newcastle and Sir Samuel McCaughey the Australian sheep king The terms of the loan which is to tobe tobe tobe be spread over the year in Instalments Instalments Instalments ments to cause the least disturbance to the Australian money money market are considered very favorably and as en enhancing enhancing en- en its popularity interest Pl payable pay py- able at 4 41 4 per cent and a par Issue stock to be inscribed or 01 bonds as low lowas lowas lowas as 50 to be issued payable to bearer at the option of the lender interest to be free tree of ot Commonwealth and state income taxes the documents to tobe tobe tobe be free of Commonwealth and state stamp duties |