On Tuesday the Chancellor of the Exchequer made the welcome
announcement that the total amount of money sub- scribed to the new War Loan was £585,000,000. Five hundred and fifty thousand persons subscribed through the Bank of England for £570,000,000, and another five hundred and forty-seven thousand persons applied through the Post Office for a total sum of £15,000,000. The Chancellor of the Exchequer was unable to give any figures in regard to the number of vouchers sold, but as he referred to the general result of the Loan being a huge total of nearly £600,000,000, Ivo presume that he expects to get another ten or twelve millions by means of vouchers. As Mr. McKenna pointed out, the sum secured is far beyond any amount ever subscribed in the world's history, and has only been obtained through the patriotic response of the whole people. "I cannot," he added, "speak without emotion of the efforts which have been made by every class of the community to scrape together all the resources upon which they could lay their hands in order to subscribe to the Loan."
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