WAR NOTES.

Taranaki Daily News, Volume LVI, Issue 92, 14 September 1914, Page 6

WAR NOTES.

GERMAN AND AUSTRIAN SOdAI-isl'S. When Austria declared war upon Servia, the Socialists in both Cerntany an! Austria .protested against tlir, " >var. A manifesto issued at that time by German workers in Ausfria inns: "Fo": many months the peoples of Austria had been robbed of their constitutional lights through the fact, that Palliament had been kept out of action. We repudiate all responsibility for tins war; solemnly and emphatically we lay it to the charge of those on iboth sides who have instigated it and w&hed to let it loose."' The manifesto of the German tucial-Deinocratic Party "raised a burning protest against the criminal behaviour of the war-mongers and demanded ef the German Government that P, use its influence with the Austrian Government for the pieservatiou of peace, and, if the shameful war could not be prevented, to abstain from any armed interference.

AUSTRIA'S FINANCIAL RESOURCES. The question as to .ae financial resources of Austria to stand the strain of a war was discussed in a recent issue of the Economist. In time lof war, says the Economist, Austria could not issue a loan; for its 4 per cent, crown rente is at present quoted at a low rale, and would fall much lower on the outbreak of war. Austria-Hungary lias -lin reserves for war; the State's property could not be sold in soien. an emergency; the State, railways are heavily mortgaged already. Thero might be some millions in the coffers of the exchequer, and the Treasury bonds anight be issued' at high interest. But that is all