From 1914 on, the bank was involved with nine war loans to Germany to help finance the first World War.
Mair personally also took on this responsibility by contributing £4000 in war loans.
During this time he was asked by the Government to conduct the publicity in regard to the conversion of the 5% war loan.
In 1914, when war broke out, my father invested most of his money in a war loan to help the country.
"Yes, you know, war loans written off, economic aid, contributions, whatever."
Of course, we seldom make war loans.
To cover the enormous financial requirements, the population was called twice annually for the purpose of war loans.
Within a day of his appointment, he had reported a bill for a war loan.
There's no real money in war loans.
In 1942 Bairnsdale won a national competition for providing the government with the largest war loan of any town its size.