THE AERIAL RAID.

Taihape Daily Times, Volume 7, Issue 140, 16 February 1915, Page 5

THE AERIAL RAID.

A THRILLING SIGHT. LONDON, Feb. 15. Geneva reports a thrilling 40 minutes' battle between a Zeppelin and three aeroplanes. A thousand French and German soldiers south of Mulhoibe witnessed the fight. The aeroplanes were the cleverest in manoeuvres. They tried to get above the Zeppelin, and almost succeeded, when the Zeppelin fled to. the northward. MILITARY CAMP BOMBED.

THE HAGUE, Feb. 15.

Belgian aeroplanes bombed a military camp at Deutz. They escaped, though fired at by guns placed in the tower of Cologne Cathedral. FRENCH AIRMEN BUSY. PARIS, Feb. 15. Official: French aeroplanes from Dunkirk last week successfully bombed military buildings and bodies of troops at Zeebrugge and Ostend. AN AFFAIR OF MAGNITUDE. A SUCCESSFUL ACHIEVEMENT. \ LONDON, Feb. 15. The Times' naval correspondent says the latest exploit, of the naval airmen exceeds in magnitude anything previously attempted, and it is satisfactory that the Admiralty is "able to report the success of the achievement and the return of the pilots. British airmen, in skill and initiative, have again proved superior to the enemy and are capable of carrying out raids and executing large combined operations, achieving a definite military purpose. They rendered futile the German attempts to develop the submarine bases on the Belgian coast. The enterprise was carefully planned and brilliantly executed and is the certain forerunner of others.

THE COST OF WAR. BRITAIN AND FRANCE FINANCE RUSSIA (Reed 12.35 p.m.) LONDON, Feb 15. Mr Lloyd-George, in the House of Commons, said the Allies' expenditure to the end of 1915 would be £2,000,000,000. Britain would probably spend a hundred to one hundred and fifty millions more than France or Russia, but France bore the greatest strain in proportion to her resources. Britain was able to finance the war for five years out of the proceeds of her investments abroad; France for about 21 years with something to spare; Russia, though prodigiously rich in resources, was a borrowing country, therefore Britain and France had given guarantees to help her to prosecute the war.