30 JUNE 1917, Page 2

The overwhelming success of the first issue of the American

War Lean is summed up in the figures given in Monday's papers. A communication from the United States Embassy points out that the subscriptions amounted to £607,015,370, or more than fifty per cent, over the amount offered. More than four million people subscribed for bonds, and of these ninety-nine per cent. subscribed in amounts from £10 to £2,000. " One of the chief purposes of the Loan campaign was to distribute the bonds widely, because the strength of the United States Government's finance, like the strength of the United States Government's policies, rests upon the support of the people. The large number of small subscribers shows that the Joan was a great success from this point of view."