WAR NEWS

Taihape Daily Times, Volume 7, Issue 141, 17 February 1915, Page 3

WAR NEWS

FINANCING THE WAR.

GOLD RESERVES NOT TOUCHED (Per Press Association). Reed. 2.30 p.m.) LONDON, Feb. 15.

Mi’ Llcyd-George says we have advanced thirty-two millions to Russia, and with purchases there gives a credit for forty millions. Advances have also been made to Russia by France with respect to purchases from France. It is estimated that Russia will require large purchases from outside, but she will be able to export wheat largely, and France and Britain have decided to raise a first loan of fifty millions to satisfy Russia’s requirements. Our gold accumulations are the largest cf any country’s in history, while France’s and Russia’s great gold reserves have barely been touched since the outbreak of war. A STEAMER MINED. BEACHED OFF DEAL. (Reed. 1.35 p.ra.) LONDON, Feb. 15. The steamer Waveret, from Pensacola, bound to Leith, was mined and beached at Deal. The crew all landed except twelve, who were drowned through th capsizing ol a boat. BRITISH AND GERMANS. EXCHANGE AGED PRISONERS. LONDON, Feb. 15. The Hon. Primrose, Parliamentary Under-Secretary for Foreign Affairs, in reply tc a question, said it had beer arranged with Germany to exchange civilians ever the age of s;>. CONTRABAND COPPER. CAPTURED BY BRITAIN (Reed 1.35 p.m.) COPENHAGEN, Feb 15. The Carmen’s copper cargo, valued at £BO,OOO, was intended for transhipment at sea, and the vessel to he afterwards sunk. BRITAIN'S NEW GUNS. POWERFUL AND DESTRUCTIVE. (Reed 3 p.m.) LONDON, Feb 15. Winston Churchill says the Navy’s new fifteen inch guns are simila: to th© 131 inchers. but vastly more powerful and more destructive. AEROPLANES OVER MONTENEGRO RO VA LT Y C G.RIOUS (Real 3.30 p.m.) r ONDON, Feb 15. Two Austrian aeroplanes, cn Sunday flew over tho Montenegrin Wmtei Palace at Rieka. The King, Qv-on and Princesses came out to watch the bullets from quick-firers which narrowlf missed their Royalties. THE ALLIES' STRENGTH. ONLY ONE THIRD IN THE FIELD. (Reed 1.35 p.m.) LONDON, Feb 15. Mr George Bree says the Allies have had only one-third' of their strength in the field, the remainder being sent forward at the earliest moment. THE KAISER’S MOVEMENTS. (Reed 1.35 p.m.) AMSTERDAM, Feb 15. The Kaiser will arrive at Cuxhaven on the 18th.