THE SUBMARINE CAMPAIGN.

Taranaki Daily News, 23 February 1917, Page 5

THE SUBMARINE CAMPAIGN.

GERMAN CHANCELLOR'S BOMBAST. CAMPAIGN SURPASSED EXPECTATIONS. NOT A SINGLE SUBMARINE LOST. Received Feb. 22, 12.50 a.m. Ammsterdam, Feb. 22. Herr von Bethmann-Hollweg, speaking in the Reichstag, declared that the submarining had surpassed all expectations, and that Germany had not lost a single undersea "boat since the beginning of unrestricted warfare. The commanders reported that there was no evidence of Britain's increased defensiveness, and that they were most confidant the shipping of England and neutrals would be completely stopped. A REVISED ESTIMATE, BY GERMAN NAVAL EXPERTS. GREATER DESTRUCTION NECESSARY. Received Feb. 23, 12.55 a.m. London, Feb. 22. The Morning Post's Budapest correspondent states that the Austro-German naval experts have revised their calculations as to the blockade prospects.. They previously estimated that England would be starved into submission in two months, but they now say that England will not feel the effects of ruthlessness under a year if they only sink two per cent, of England's pre-war tonnage. They must therefore sink 600,000 tons monthly to make a real impression.