BRITAIN.

Taranaki Daily News, 26 November 1915, Page 5

BRITAIN.

THE NEED FOR ECONOMY. A STRIKING SPEECH. Received Nov. 25, 7.40 p.m. London, Nov. 25. Lord Inchcape, addressing the Institute of Bankers, said that the loan from the United States was the best method of restoring exchanges, but it was only palliative. I The restoration of a favorable trade balance was the only cure, and therefore it was highly important that our exports should be maintained by rendering services to the neutrals and thus attracting money. British recruiters were unavoidably denuding the factories, farms and ships, but it was reasonable to expect that give and take would enable Britain to pull through and lick the Germans. Lord Inchcape continued: "We have avoided the slippery path taken by Germany, where every successive loan has freshly inflated the currency, resulting in increased prices. An exhausted nation would be compelled at the conclusion of the war to face the task of redeeming her securities and notes. I hope the Britishers' response to the urgent appeal for economy will enable Britain to coninue on the path of financial rectitude. The daily expenditure of five millions means that our normal annual expenditure is used up every six weeks. I believe that to-day is the darkest hour before the dawn. ft may be three, six, nine, possibly twelve months, but it is certain as the sun rises that Germany will be crushed, and the world's peace secured for another centurv. - '

THE NORTHCLIFFE PRESS. HELPING THE ENEMY. ATTITUDE UNDER CONSIDERATION. Received Nov. 25, 5.5 p.m. London, Nov. 24. In the House of Commons, Sir John Simson, questioned concerning the Russkye Sloevo's article, thanked Mr. Terrell for drawing attention to this striking illustration of the advantage the enemy seemed to gain from a section of British newspapers' comment. He added that the matter was under consideration. Sir John Simon, in reply to a further question, quoted the Russkye Sloevo's article. [A cable' from London on November 10, said: ''Recently the Daily Chronicle republished an article from the Russkye Sloevo, which says that the newspapers lay heavy responsibility on the Northcliffe press for the failure of the diplomacy of the Entente in the Balkans. After The Times and Daily Mail's quarrels with the English Government, they systematically began to blacken the military and diplomatic measures and to foretell the failure of the Allies. The Germans made wide use of this campaign for their own propaganda in Greece, Roumania, and Bulgaria. Wolff's Agency disseminated Colonel Repington's articles with a view to proving that the English recognise the deficiwicy of .their miltary organisation. The papers in Roumania and Greece are filled with the Daily Mail's and The Times' comments, published Rt German expense.]

RECRUITING. NOT FULLY SATISFACTORY Received Nov. 25, 5.5 p.m. London, Nov. 24. Lord Derby stated at the Stock Exchange that recruits are coming in large numbers, but they must come in larger in the next three weeks if the voluntary system is to be unassailable. THE SMELTING INDUSTRY. KEEP IT TO THE EMPIRE. AN IMPORTANT QUESTION. I Received Nov. 25, 5.5 p.m. London, Nov. 24. An important deputation of members of the London Chamber of Commerce and Australasian merchants and organisations in London, waited on Mr. Bonar Law and Mr. Runeiman, and asked for assistance in the smelting industry. Speakers emphasised the position and urged the importance of keeping the smelting industry in the Empire. There wero smelting works in Wales, the North of England, and Scotland which would be enlarged if a bonus were given. It was proposed to erect smelters in Britain with a capacity for the whole of the Australasian output. At present Britain treats fifty thousand tons and consumes 250,000 tons. Mr. Bonar Law, in a favorable reply;, said that the Cabinet was anxious to confine the work to the Empire. The question had been considered in various forms for a long time. He was anxious to help, and invited the deputation to suggest a concerted scheme, OFFICERS' CASUALTIES. A HEAVY TOLL. London, Nov. 24. Since the beginning of the war the total casualties of British officers have 'been l(),(i(iS, including 6032 killed or died of wounds, 11,05-2 wounded, IGS3 missing. Those killed include Generals Wing and Wormand; the missing, General Bruee; and the wounded, five BrigadierGenerals. PARLIAMENTARY STRATEGY. London, Nov. 24. In the House of Commons the Parliamentary and Registration Bill is being reconsidered, owing to some Conservatives objecting to the first clause, whoreby the session of Parliament next after the termination of the war is deemed to he the fifth under the Parliament Act, thereby enabling the Plural Voting Bill to be passed.