AUSTRO-GERMANY.

Taranaki Daily News, 26 February 1917, Page 5

AUSTRO-GERMANY.

THE GERMAN BUDGET* SUBMARINING JUSHPIBD, , •AN OUTSBOKKtf SOCEKLIBT. Received Feb. 26, 5.5 p.m. '' Amsterdam, Feb. 21. - In tho Reichstag Heir von KoederU, Minister for Finance, in introducing the budget, said that the submarine arm had only been introduced during the prm sent war, and was consequently not sub* jeefc to any of the written niies-of iqf., tornational law. lie said that the cost o£ £h<j trff would riot decrease during the next fwr months, hence he required a war credit of fifteen milliards marks. (Be admit* ted that the budget bore a serious Mi poet, but the economic life of the v.i'.s not of such a character as to shatf their confidence in the future. Ifjfebdj enemies claimed reparation, Germany claimed an indemnification. financial strength not a lusion as her enemies believed. Eighteen ultra Socialists opposed fit! war credit, but the main pazfy of Socialists supported the vote. Hcrr Ledeboar, leader of the SocMM minority, declared that Germany's peaof olfer Sacked every essential far pesoiS The rights of sn.(i)l nations wene Tft* luted by tlie manlier in which Germany had dealt with the KSforattaJj of Poland's independency Qerr Ledebour, amid laughter, derauuU cd the suspension of submarine waxfaft. The war credit vote was wirriaJ^ A FLIMSY EXCUSE BOR'GBORUEIf Berne, February 22-. Germany lias placed a largo unmtifr <4 distinguished Anglo.French officers ia «i exposed position at the conceatrattoil en nip at Karlsruhe as & gusrenteej against air raids.

DAYS OF REJOICING OVER, ■ FUTURE FULL OF DOUBT Agg GLOOM. <• t Received Feb. 25, 5.5 p.m. Berne, Feb. 2^ A Gorman officer, in a pessimistic wijf Article appearing in the students' new*" ..paper, said tlwtt the time for happy jiights and jolly beer parties was ovee. The pierrots waltz was succeeded By Ijbf dance of death. We were marching slut ly towards a future full of doubt *n4 gloom. i s ' HEAVY GERMAN LOSSES, SOLDIERS ON SHORT OOMMOHS. Paris, Feb. 23. ' Le Journal's correspondent states ifai the German losses are heavy considering the nature of the actions. One battel" ion has lost 40 per cent, of its and another has been reduced to a coup pany. The troops' daily ration la a pound* and-a-lialf of black bread, Ave ounces at preserved sausages, a litre of soup, mainly vegetable?, three-quarters of a litre of coll'ee. Potatoes are rarely seen, an<J the bread is of wretched quality^ FOOD RATIONS IN BERLIN. Amsterdam, Feb. 23. The food ration in Berlin, wliioh has boon reduced until March 15, (me egg monthly. Germany imposes a tax 1 of 20 per cent, on the value of the output of coQietiei. yielding 500,000,000 marks. SAVINGS RANK DEPOSITS COMMANDEERED. London, Feb, 23. The Daily Telegraph's Paris eorresporfdent states that the German Govern'■"•lit'a instructions to savings banks I radically compel them to invest 85 per cent, of their deposits in future w*f loana. AUSTRO : BAVARIAN INTRIGUE. London, Feb. 23. The Daily Telegraph's Rome correspou« dent, states that Swisß telegrams report an intrigue between the courts and poNv ticians at Vienna and Munich with the object of preparing for the unibn of Austria and Bavaria in case of disaster to the Central Powers. The King of l'.avaria has had frequent interviews with the Emperor Carl, and when the Vatican was sounded regarding the eventuality, I>romisod snpnuft in order to save the two Catholic Empires from Protestant influences. GERMANY'S LOST COLONIES. Hamburg, Feb. 2'i. The Union of Overseas interests is petitioning the Reichstag for preliminary partial compensation arising from the loss of the colonies, pointing out that, valuable trade in cocoa and palm products will only be obtainable from t.ha Empire hereafter if the colonie» are iu\ returned.