THE ECONOMIC AND COMMERCIAL ASPECTS

Taihape Daily Times, Volume 7, Issue 65, 16 November 1914, Page 5

THE ECONOMIC AND COMMERCIAL ASPECTS

BRITAIN’S HUGE WAR LOAN. 300,000,000 TO BE iSSUED, Press Association —Copyright. LONDON, November 15. The Standard states that the Government is about to issue a threehundred million war loan at 31 per cent, at about 95y at varying dates of maturity, the longest being 14 years. This is to cover -the forthcoming credit vote and Treasury bills issued under the August vote. ADDITIONAL WAR CREDIT. 1 LONDON, November 13. The Government proposes an additional credit vote of 225 millions to cover naval, military and other expenditure necessary through the war to March 31st. NEUTRAL POWER AND THE NORTH SEA. AMERICA’S ATTITUDE. WASHINGTON, November 14. The Government decided not to associate iself with those neutral countries which are demanding the opening of the North Sea to commerce. THE FINANCIAL CRISIS. AMERICA’S POSITION. WASHINGTON, November 14. The American banks have assured a British representative 'now hejte in connection with the finacial crisis af- ! footing the United States, that all . American obligations in Europe until the New Year have been satisfactorily arranged. It was considered likely that when the London Stock Exchange opened there would be a large dump of American securities, and they suggested the arrangement of a credit fund of twenty million through the Bank of England to meet this. Such a fund would have a reassuring effect in London and prove a strong support to the American market. JUSTICE TO NEUTRAL COMMERCE NOTE TO BELLIGERENT NATIONS LONDO.N November 14. Norway, Sweden, and Holland have presented identical notes to the belligerents against measures inimical to neutral commerce. THE DEFICIENCY OF DYES. SUGGESTION BY BRITISH BOARD OP TRADE. LONDON, November 14. Owing to the deficiency of dyes, due to the cessation of German supplies the Board of Trade is considering the formation of an English company whereto the Government will subscribe a portion of the capital and guarantee interest on debentures. THE WOOL EXPORT QUESTION. LONDON, November 14. The Daily Telegraph says most traders approve of the embargo on the export of Australian, Ne w Zealand and South African wool. Already an avalanche of orders have been cabled to Buenos Ayres and Monte Video on behalf of United States, Sweden, Holland, Denmark, and Bradford. The question arises: How prevent the enemy from securing supplies? The irony of the situation is that German interests largely prevail in the South American wool trade. If the War Office bought a big weight of the present South American clip, and quickly placed the wool at the disposal of the British manufacturers, practically no loss would bo suffered. Every facility should be given for the importation of the new clip of New Zealand and South American crossbreds, and it is imperative that an adequate supply should be secured as quickly as possible. ASSISTANCE TO BELGIUM AND SERVIA. BRITAIN MAKES SUBSTANTIAL ADVANCES. LONDON, November 14. It is officially announced that Britain will advance 2,910,000 sterling to Belgium and £BOOO to Servia. A CONTRAST. UNHAPPY LOT OP WOUNDED , GERMANS. LONDON, Nov. 11. The Telegraph quotes Professor Ezerny's articles in a medical journal, showing the horors of transporting German wounded. Half the wounds are due to shrapnel and bits of dirty unite ram are driven into the flesh. They sometimes lie for days in trenches half full of water. They arc then packed on dirty trucks, previously used for liorscs j forage, and ammunition. Unprotected from cold, they have to make a train journey of four to six days. In „.the meantime their wounds are not ed, and they have little food. In most cases there are no doctors or orderlies. Properly equipped hospital