The amount of money raised during the war effort fundraising Tank Week was staggering. Leicester was one of the top ten cities and raised a total of £2,063,250.
The British Government needed to raise money to pay for the war effort. The tank was a new technology, and most of the population had not seen one. The War Savings Committee decided that six Mk.IV tanks would tour the country starting in December 1917 and throughout 1918 acting as ‘Tank Banks’ during celebrations known as ‘Tank Week.’ Companies and members of the public would be able to buy National War Bonds and War Savings Certificates from the cashier inside the door of the tank sponson. There were 20 shillings to the British Pound. For every 15s 6d (15 shillings and 6 pence: the minimum investment) invested in a War Savings Certificate, after five years, the government would pay back 20 shillings, an increase of 4s 6d (4 shillings and 6 pence). That is a 22.5% return. This was an attractive rate of return so many people and pension companies like the Provincial invested a lot of capital into War Savings Certificates and War Bonds (minimum investment £5). The War Bonds were sold to private investors in 1917 with the advertisement: “If you cannot fight, you can help your country by investing all you can in 5 per cent Exchequer Bonds … Unlike the soldier, the investor runs no risk.”
The six Mk.IV tanks were 113 Julian 4005, 119 Ole Bill, 130 Nelson, 137 Drake, 138 Iron Ration 4034, 141 Egbert and 142 also sometimes called Egbert although it never bore that name. Tank 141 Egbert was the only tank that had actually seen service in France. Other tanks were used. The top 256 fundraising towns and cities were offered a WW1 presentation tank as a thank you. Tanks Encyclopedia writer and researcher Craig Moore has researched and collected photographs of the Tank Week tank visits. If you find more photographs that are not in this collection, please send them to [email protected]