UNITED STATES.

Taranaki Daily News, 19 January 1917, Page 5

UNITED STATES.

I FIFTY' MILLION LOAM, TO GREAT BRITAIN Mew York, Jan., 17. Morgans announce a new British loan o: 50 million pounds, at 5J per cent. Received Jan. 18, 5.0 p.m. New York, Jan. 17. The loan to Britain is dated February I A portion matures in Fcbrtiiiv.v. 1818, i>r.d the balance in February, 1911), when there is the option of converting into 5* per cent, bonds, maturing in twenty years. The collateral is similar to the last issue. THE PEACE NOTE THREE NECESSARY CONDITIONS. New York, Jan. 17. Mr. Balfour, in a supplementary Note to Mr. Wilson, states that Britain is prepared for unparallelled sacrifices, because a durable peace is impossible ex-1 cept on the basis oi victory by the Allies. * He points out' that if Germany re[gaj'ds existing treaties as. scraps of paper tresh treaties are useless. Turkey must be driven ou' of Europe, because she has been guilty of unprecedented atrocities ind is being used by Germany aa an instrument of conquest. Three conditions are necessary for peace—first, the - removal of existing causes of international unrest; second, the recognition by the people of the Central Powers of the unscrupulousncss of German methods '.tnd the ngrcssivcness of German aims; third, the establishment of an internal authority to prevent breach of treaties. i