"OUT WITH THE U-BOATS"

Dominion, Volume 10, Issue 2975, 12 January 1917, Page 5

"OUT WITH THE U-BOATS"

GERMANY'S- POST-WAR OUTLOOK London, January 10. A National Liberal deputy. Heir Streseraann, in a speech at Hanover, said: "Before the war Germany was the second strongest economic . Power, with tho second strongest merchant fleet. The war has annihilated the German world trade and her colonies. She has lost her cruiser squadron. Unless the pre-war situation is altered, it will mean the collapse of the national economy. If peace is concluded l without Germany possessing the Flemish coast, England will win tho war. Germany's war debts necessitate new taxes amounting to between 300 and 330 millien- sterling." Herr Stresemanh concluded, amid enthusiasm': "Out with tho TJ boats!" —Aus-N.Z. Cable Assn. limitatmTf food (Rec. January 11, 8.50 p.m.), Amsterdam, January 10. Dr. Miehaelis, one of the German State Under-Secretaries, in an article in the "Kolnischo Volkszeitung," warns .those desiring peaco because of the want of food that peace will not mean more food. "Wo must expect for years a limitation of food! and,a continuance of rationing of most of the important foodstuffs, because Germany • will be obliged to import «e little as possible owing to the Bcarcity of tonnage, that oven after the war it will be necessary to pull the belt tight." , — Renter. CONFISCATION OF WEALTH (Rec. January 11/ 10.20 p.m.) ' ' Copenhagen, January 11. Herr Stresemann, in his speech at Hanover, added: "It will be impossible to collect a large amount of the new taxation necessitated by the war. It will therefore be necessary to confiscate immediately one-third or a quarter of all private fortunes."—Eeuter. GERMANY'S FINANCE HARD HIT (Rec. January 11, 5.50 p.m.) . Amsterdam, January 10. General yon Stein, German War Minister, has issued a proclamation to the German people indicating the serious outlook for war pensioners, and urges the peoplo to , employ soldiers invalided in the war: Germany's finances are so hard hit that the Government will be unable to support invalids for many years sinco the number is continually increasing. Whatever peace Germany can now get, her financial resources wiil be limited.—Aus.-N.Z. Cable Assn.