GERMANY.

Taranaki Daily News, 17 March 1916, Page 5

GERMANY.

VON TIRPIT2 RESIGNS. •MORE SIGNS OF WEAKNESS. ' ' Washington, March IS. It is rumored here that Admiral von Tirpitz has resigned in consequence of disagreements with the German Government, chiefly with Herr von BethmannHollweg. RESIGNATION CONFIRMED. ALLEGED REASONS. Received March IS, 10.50 p.m. Copenhagen, March 16. Admiral von Tirpitz has resigned, and is succeded by Admiral von Capelle. His retirement is due to the Kaiser and Prince IJenry being dissatisfied at the fleet's inactivity. Other reports attribute a modification of submarine warfare. EXCHANGE RATE, A SENSATIONAL COLLAPSE. New York, March 15. There is a sensational decline in the German exchange rate to 11%. The Herald says the decline continues despite German financiers' efforts to check it. This reveala the world's perception of Germany's impending financial and military collapse. Times and Sydney Sun Services. Copenhagen, March 15. The German mark is 30 per cent, below normal. FAMOUS PORT RUINED. CONDITION OF HAMBURG DEPLORABLE. Times and Sydney Sun Services. London, March 15. The latest advices depict the condition of Hamburg as deplorable. A Geneva lawyer who lately visited the town saw appalling poverty and misery, and hundreds of music-halls, theatres, restaurants and shops are closed. The Elbe resembles a river running through a desert. The ruin of the famous port is immense and irreparable. ,