RUSSIA'S POLICY.

Dominion, Volume 2, Issue 423, 4 February 1909, Page 5

RUSSIA'S POLICY.

AUSTRIAN SUSPICION. THE BULCARS AND THE MUSCOVITE. "COMPLETE DEPENDENCE." »BT TE&EORAm—FBESS ASSOCIATION—COPYRIGHT.) (Rec. February 4, 0.40 a.m.) ' London, February 3. Opinion in Vienna with regard to Russia's proposals as to the dispute between Bulgaria and Turkey is highly suspioious. It io considered likely that the result will be that Bulgaria will fall into complete dependence oil Russia. Turkish opinion is doubtful, though it is reported that the Council of Ministers is. favourable to tbo Russian proposals.

BULGARIA, THEC'CHILD" OF RUSSIA. ' -It 'was stated in.yesterday's cablegrams' on tho. authority ofrtlie SW: Petersburg' correspondent of "The Times," that "the crisis ■ between Bulgaria: and' Turkey: has been, ended by' Russia- proposing to make.good the' difference between the indemnity, offered-by Bulgaria and ■that demanded.by Turkoy.. Eussia. cancels, sufficient ..of :the' remaining 70 instalments ,of••; the Turkish war indemnity due to Eussia, amounting to 22 million,-to-enable Turkey to borrow, five; million sterling. Bulgaria undertakes to pay .Eussia ~£3,280,000 for .interest .and sinking fund,:, Instead of receiving eight million .francs annually from Turkey, Eussia will "draw five milliou francs annually from '-'Bulgaria.". It was further stated that this arrangement avoids the .necessity' of Bulgaria's 'boirowiug in unfavourable conditions; also, that . EussiaV/projosal'will riot cost her a kopeck, , and .will, only oxtend the time, for .'the collection, of the debt

.'.Writing. in : December—when.it seemed.that . Baron.Aerenthal Had outmatched : If. Isvolsky—, the, eminent Frenoh. diplomat. M.Hanbtaus re-' /marked:'—-'.'The' Po>ver- thai - is .most direottyaffected by .the•': success, even though ■it be a relatvev success,.'. of Austria-Hungary ;is Russifti-; ;:The;6.imultaneous /initiative" of her. everlasting -rival/on theone 'band, and of ■he'riundisciDliried child Bulgaria ,on .the. other, coinpromised .for:soine:timo. her -prestige and her .authority .in. the, Balkans. . Sbn, finds .herself once : again.- on .the .anvil,..receiving'/"alternately ihe,blows.of. the' Berlin , ':and Vienna haihiners. ; \ ,; :The §ldv.:at;-pr'esent-Us: quite incapable of resistance: : Bulgarians being moved and alienated 'from'-'him .under ■ his-very:' eyesJ. .Bosnia ahd_' Herzegovina .are;annexed. . All; that he can do is to turn, his head away and>.lei ;mattors .take, their ..course.-. ■;■ No - doubt ,-his 'time will opmej ,but, meanwhile,;lie has to bide his time.' Such-an: event'so; years ago wpuld have;brought about a'general war. Happily,; tho modern world has another '. method.. .Reasonable .tendencies ba'rry: the day,: and ■ everybody '■knows what is behind .this -prudent:attitude. Tho vast clatter 'of; weapons- -which at : one moment .stirred and disquieted Europe;.will;,take., the /form- of an immense moyement.of-money. '.The moment for ;whioh 'the/g'onerals'ilay ,m ! > wait turns out to be.the hour of'the financiers. Clt. is the Stock 33xohange- : whioh is thd,ultima \fatio." '.Ens', sia's'-latest financidl- schenio gives to/the concluding of .;M/ r Hanotaux~ a-.sigiificance' which perhaps 'even .he- did not 'suspect. ■... '