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The plaque commemorates the over-subscription to the Peace Loan in 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.
Ilfracombe Shire Council.
The Clerk was instructed to wire the Manager, Commonwealth Bank, Rockhampton, stating that £15,750 had been subscribed to the Peace Loan, this being £2750 above the Ilfracombe Shire quota.
Western Champion and General Advertiser for the Central-Western Districts (Barcaldine, Qld.), 16 October 1920.
Location
| Address: | Main Avenue, Memorial Gates, Ilfracombe, 4727 |
|---|---|
| State: | QLD |
| Area: | AUS |
| GPS Coordinates: | Lat: -23.489337 Long: 144.506752 Note: GPS Coordinates are approximate. |
Details
| Monument Type: | Plaque |
|---|---|
| Monument Theme: | Government |
| Sub-Theme: | Federal |
Dedication
Commonwealth of Australia
Peace Loan
A. D. 1919
To commemorate the oversubscription of the allocated quota of this loan by the Shire of Ilfracombe
J. Inglis Chairman
W. A. Watt Treasurer
W. M. Hughes Prime Minister
