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Peace LoanPrint Page Print this page

30-October-2015
30-October-2015

Photographs supplied by Chris McLaughlin / Peter Williams

The plaque commemorates the over subscription of Commonwealth peace loan of 1919.

During World War One, to finance the war the Commonwealth had a series of war loans, and then peace loans. To recover the cost of the war and fund soldier pensions the government launched 'Peace Loan' campaigns after the war. Peace loans were similar to the war loans where people loaned money to the government and received interest.

The secretary of the Peace Loan Committee, Mr. E.H. McBride, of the Commonwealth Bank of Australia, notifies us that the total subscriptions to date of £26,910, or £1910 in excess of Albury`s quota. This amount does not include a sum of £5500 received here for the credit of another district. 

Albury thus secures its tablet to commemorate the over subscription of the allocated quota of the Peace Loan and has once more done its duty, though going perilously near to missing the mark on this occasion. 
The Border Mail and Riverina Times (Albury, NSW),
25 September 1919. 

Location

Address:546 Dean Street, Murray Art Museum Albury , Albury, 2640
State:NSW
Area:AUS
GPS Coordinates:Lat: -36.080712
Long: 146.916746
Note: GPS Coordinates are approximate.
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Details

Monument Type:Plaque
Monument Theme:Government
Sub-Theme:Federal
Approx. Event Start Date:1919
Approx. Event End Date:1919

Dedication

Front Inscription

Commonwealth of Australia
       PEACE LOAN
           A.D 1919
To Commemorate The Over Subscription
Of The Allocated Quota Of This Loan
             By

THE MUNICIPALITY OF ALBURY
    A. Waugh       Mayor
W. A. Watt       Treasurer
W. M. Hughes  Prime Minister

 

Source: MA
Monument details supplied by Monument Australia - www.monumentaustralia.org.au
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