THE ADRIATIC PROBLEM.

Taihape Daily Times, Volume XI, Issue 3426, 4 March 1920, Page 5

THE ADRIATIC PROBLEM.

JUGO'SLAVIA’S REPLY TO THE ALLIES.

WASHINGTON, March .2.

The State Department has published the Jugo-Slav reply to the AngloFrench memorandum on January 14. The Jugo-Slavs .accept . in‘. principle the independence of Fiume, but demand that Barross be attributed to Jugo-Slavia. The reply points out that further annulation. of the territory would be a flagrant violation of the principles of nationalisation, and would create a hotbed of irredentism. Jugo-Slavia does not insist that Zara be placed under Jugo-Slav sovereignty, but cannot admit that Fiume, and Zara have a right to use their diplomatic representative, pointing out that if this choice lay with Italy it would amount to annexation. Regarding Albania, the Jugo-Slavs say the best solution would be to confine the administration to a local autonomous authority, without interference by foreign Powers. PEACE TREAT-Y UNENGLISH. GOUGH’S OPINION. Received 10.30 am. LONDON, Feb. 29.

General Hubert Gough, in an interlview, said the English people flave not yet begun to realise the Peace Treaty is thoroughly un'-Englishfand is equivalent to hitting men when they are down. We do not Want revenge; We want friendliness and a. League of Nations in which Germany, Austria, and Soviet Russia can find a place. ,2

THE IRISH CRISIS.

HOME RULE BILL DISCUSSED.

LONDON, Feb. 28.

The Times, in a leader, says? The Home Rule Bill exceeds the strict demands of justice to Ulster. The Government is «profoundly mistaken in‘ substituting a joint council for the structure of an Irish Parliament, and has flouted the traditional ideal of the Irish people for the sake of placating the sensitiveness of Ulsferites, who are left insufficient inducements to co-operate with the southernei‘s The success of the whole scheme, however, depends upon Parliamentary amendments te the Bill. which. even as it stands, is preferrable to inaction ’ HOME RULE BILL. MORE HOPEFUL OUTLOOK. Received 10.10 am. LONDON, Feb. 29. The Sunday Pictorial says, as a rc~ sulf of a secret conference, leading Irischmen and Sinn Feincrs are willing to accept the Dominions’ Home Rule, excluding six ‘Ulster counties.

DANES IN NORTH RUSSIA.

HARSH TREATMENT RECEIVED‘

Received 10.10 am. COPENHAGEN, Feb. 29.

Of thirty-two Danes serving in the North Russian army and left at Archangel, five Were killed affrzr the 801sheviks entered. The fate of the remainder is unknown. Three hundred other Danes at Archangel failed to get away

Newspapqrs degnand the arwsf, of Capt. Palludah, Knltchak’s represen-

tative at Copenhagen for enlistingfithe said thirty-‘two under false pretenc-cs, and subsequently, during the voyage, compelling them, under threats of courtmartial, to serve in the north. He” is accused of infringing anti-recruiting law. It is reported he is now at Christiania about to take. refuge in hnglalld. I H GERMANIS POUNDING CREDIT INSTITUTIONS.

Received 10.10 a.nl

BERLIN, Feb. 29

German industrialists are founding a great credit institution. comprising the chief pro-d~uclliv3e c.s\ablislllllen;qfs, and offering guarantees of commercial strength.

|ND|A'S FINANCE‘

AFGHAN ‘AND FRONTIER OPERATIONS.

coéw £15,000,000.

DELHI, March 2.

i The Financial Minister presented ‘the Budget. He stated that the ‘Afghan War and frontier operations 1-had cost £15,000,000,- causing a dejficit of £14,500,000, instead'of an anlticipated surplus of ‘£500,000. He lanticipated the revenue for the ‘current year would be .-$342,000,000, which would leave a surplus. No new taxation was proposed, but a big loan was lforeshadowed. Reviewing the past lyear, the Minister referred to im‘provement in freightage traflic facilities, and the growth of exports and imports. There was a 1-emarliable growth in company promoting, all indicating finanical and industrial expansion. Dealing with the currency question, he said that until the sterling regained its parity with gol&} India would be saddled with a fluctuating standard of value. It would be impossible to give any definite gold value to the rupee while restrictions on the movement of preciousumetals continued. ' He believed there would «be no general setback to general prosperity, and revenue would continue to expand. The proposed loan would be -fifteen crores of rupees, which it was ‘hoped’ the public would cordially support. in ‘order that the Government’s programme might be carried out, The Minister took a bright View of India’s future.

GETTING AT THE WEALTHY. SUGGESTED TAXATION. Received 10.15 am. LONDON, March 3. The Board of Inland Revenue memorandum furnishes striking figures, estimating the nett increase of wealth between 1914 and 1919 a.t four thousv and millions sterling, of which two hundred millions it is estimated have been made by 280 individuals. It is suggested a War levy should be prim~ arily charged upon individuals, starting from a clear comparison of two aggregate capital values fixed at 317th June, 1914, and 30th June, 1919, Returns of value as well as sources of wealth would have to be made by the taxpayer. The Board suggests the detection‘ of‘ wilful evasion should result in the recovery of duty, also heavy money penalties and imprisonment.