General News

Stratford Evening Post, Volume XXV, Issue 31, 8 February 1915, Page 3

General News

THE ALLIES’ FINANCE

Times and Sydney Sun Seuvicj-

Paris, February 7

Britain, France, and Russia are arranging to overtake in equal portions the advances made, or in process of making, to countries lighting with them, or disposed to shortly join the common cause. The advances are to be covered partly by the resources ot the three Powers, and partly by a loan which will he issued at an opportune moment, to be named by the Mihisthrs of ■■'Finance. It has been decided to proceed jointly in all future purchases from neutrals. Measures ' have been adopted to facilitate Russian experts to re-establish, as far as possible, the parity of exchange between Russia and her allies. The Finance Ministers will meet again shortly. miscellaneous. ' London, February 6. In the House of Commons, Mr Asquith, on being questioned, repliec’ that it would be detrimental to the country to furnish the recruiting figures. ' . . Mr Harcourt said that the decision against holding,the Imperial Conference was made after consultation with all the DominionThe Russian military staff issues a special memorandum stressing the im. mense service on land and .sea that Britain has rendered the Allies. While Germany'is 1 approaching a time of exhaustion of her supplies, the Allies resources are increasing. It is made plainly manifest that a British army of a million, admirably equipped and with largo reserves will soon arrive at the front, London, February 6. A neutral merchant at Hamburg states that hundreds of firms who were previously prosperous were now bankrupt, having millions due from overseas. They complain that there is uo work, and that the shipyards are alone -busy, making submarines and 1 pontoons. Forty municipalities are* urging the Government to undertake an increase in the coal supplies for gas, some cf them suggesting the suspension of the eight hours’ arrangement and increased railway facilities. Capetown, February 6.

The newspapers endorse the a ban. donment of the Imperial Conference as statesmen’s hands are so full.

In German South-West Africa ; t is understood the Government contemplate a special tax on the sold mines on a' sliding scale, that wdl produce half a fhillion sterling. The Chamber of Mines accepts -the; {principle.