The Manawatu Herald. Saturday, April 17, 1915. THE SILVER BULLET.

Manawatu Herald, Volume XXXVII, Issue 1387, 17 April 1915, Page 2

The Manawatu Herald. Saturday, April 17, 1915. THE SILVER BULLET.

Ax interesting debate on the new financial agreement with France and Russia took place in the House of Commons, when the Chancellor of the Exchequer made an eloquent speech. He pointed out that the resources of the Allies were enormous, and in this struggle that was what almost primarily mattered. He said that this was not merely a war of men, but even more of equipment, and that time and a resolute application of all the Allies’ resources were all that were necessary for victory, “ Ido not like prophecying too much,” the Chancellor continued, “but I do not mind saying that the reserves of gold we have got at our command will carry us through any emergency which we can possibly foresee.” The arrangement of a war finance between Great Britain, France, and Russia came as a very disagreeable surprise to Germany. For some time past the German newspapers have been alluding with special pride to the returns of the Reichsbank, which show no millions ot gold. This amount, however, compares somewhat unfavourably with the stock of gold in the State bauks of the allies, which is estimated at sterling. Thus a colossal kind of wealth is to be dedicated to saving Europe from the tyranny of Prussian invasion. Germany, realising the financial position of her allies and their determination to spend these vast resources to the last farthing to obtain a complete victory, seeks to cheer the German nation with the assurance that “Kitchener’s plans have come to grief,” that the British armies are “bluff,” and that if England could raise six armies of 720,000 men she could not arm and equip them, “even if she opens wide her unfathomable money bags which she has filled by plundering the world ior hundreds of years.” Before the spring has passed the German armies will realise the fallacy of under-estimating the strength ot the British torce which has rallied so splendidly in response to Lord Kitchener’s appeal tor volunteers.