AMERICA.

Taihape Daily Times, Issue 220, 27 July 1917, Page 5

AMERICA.

CANADIAN LOAN IN UNITED STATES. " Received 9.45. WASHINGTON, July 26. The Government has "authorised Canada to float a short term loan of one .hundred million dollars in the United States. IN CANADA CONSCRIPTION OF WEALTH. INCOME TAX INTRODUCED. Received 9.45. OTTAWA, July 26. Mr. White has introduced an Income Tax conscripting wealth, with exemption up to £600; married men £400; single men a sliding scale. A super tax is provided, ranging from 4 per cent for male incomes to 25 per* cent on incomes exceeding £25,000. BRITISH POOD PROBLEM OVERSEAS' WHEAT STOCKS ACQUIRED.

Received '8.50,

LONDON, July 26,

Sir F. Clynes, Food Controller, in the House of Commons, impressed the necessity of securing the overseas' surplus, and' he had arranged the acquisition of stocks of wheat and a minimum monthly accommodation as a first charge on British shippng. FIXING THE PRICE OP BREAD. LONDON, July 25. In the House of Commons, Mr Clyne, secretary to the Ministry of Food, outlining the Ministry's policy, says steps ar e being taken to protect industrial workers, not only during the war, but in peace. All flour mills are to be taken over and flour sold to bakers at a uniform price, enabling them to sell the quarter loaf at a maximum of ninepence. If the purchase price does not equal the sale price, the Exchequer will defray the difference. The "Daily Chronicle" says it is estimated that subsiding the loaf may cost the Treasury fifteen millions per annum. \ " ALLIED BALKAN CONFERENCE PARIS, July 25. The Allied Balkan Conference" has opened, M. Ribot referred to the modified conditions created by Greece's Tanging alongside the Allies, necessitating a reconsideration of the military situation in the Balkans.

A ROUMANIAN .OFFENSIVE,

LONDON, July 25. Roumanian official.—We made an offensive in the Southern Carpathians and occupied the villages of Meresci and Vilochany. We captured nineteen guns, including some of heavy calibres. We broke in a long wide front on a strongly organised enemy line. GERMANY'S LOST HOPE. COPENHAGEN, July 25. The "National T<idende'V' Berlin correspondent states that no great German offensive is expected in the futui'e. The Reichstag's majorities for peace are due to the fact that the members prefer a peace now, being convinced that they will not get better terms six months hence. They believe that Germany i s unable fo obtain victory and dictate terms, and think that although she cannot be defeated, Germany cannot defeat th e Allies. The people were greatly deceived because England was not forced to abandon the war before the harvest through "the submarines campaign. /