ENGLAND.

Taranaki Daily News, 16 August 1915, Page 5

ENGLAND.

Swiss NEUTRALITY. LENDING AID TO GERMANY. '.■.'.■',.. Reecived August 15, 3.40 p.m. , . London, August 14. The Daily Telegraph's special corres- , pondeot, Dr. Dillon, states ttat negotiations by the .*'. lies to prevent Switzerland's' imports being re-exported to Germany . are proceeding slowly. Germany his established k board at Zurich, controlling the importation of German goods, and it has inquisitorial powers, yet when the Allies ask for a guarantee against the re-exportation of their goods, Switzerland indignantly regards the request as an unworthy attempt to violate lifer neutrality; and wound her national dignity.

RAISING THE WIND. . x.tf£RMANY'S GLORIFIED PAWNSHOP. Received August 15, 3.40 pjn. ' / ■ * London, August lt\ A neutral who was lately in Germany describes the way the war loans were reified. He says -it is done through an , ■ organisation which is really a glorified pawnshop under State control. It receives all kinds of property, alid anything that can be converted into money. , Against this security are issued banknotes, which are legal tender. The interest on deposits is s'/a to 6 per cent., according to the class of security. The man in the street is quite easy in his mind about this plan, but it is obviously Vnsotmd, as die notes are issued against property that is liable to destruction and subject to great fluctuations in value. Should there be a panic and a run; on the banks the result will prove disastrous.

ENFORCING THE DRINK LAW. Received August 15, 3.35 p.m. ~'' London, Aug. 15. A laborer at Middlesborough has been fin«d forty .shillings for treating a man td a pint'of beer. This was the first prosecution at Teeside under the liquor control order,