THE OUTLOOK.

Taranaki Daily News, 3 July 1917, Page 5

THE OUTLOOK.

XO HOPE OF PEACE THIS YEAR. United Service. ■.'■ .Received July 2, 5.5 p.m. 'London, July 1. Franco-JJritieh publicists, including all the review newspaper editors, have abandoned the hope of peace in 1917. £ome hold that the (Russian inactivity alone prevented the complete breakdown of German militarism in 1917, whife others think America's full military strength is required to win. All Europe is preparing for another most severe war in ihe winter, entailing a serioiu food and fuel crisis. France is mobilising her males of 16 to 61. German publicists are reconciled to another winter, and expect political and internal troubles. America's sword is regarded as of little use before the summer of 191 S. THE IMPERIAL REVENUE. London, July 1. The revenue for the June quarter was '£HS.f)SO;2BC, an increase of 43 millions compared, with the last corresponding period. The most striking increase was in the excess profits duty, including the munitions levy. It is 35 millions in excess of the IftlC period, which v:as six millions. The amount is noiw 4>l millions. The expenditure chargeaMe against revenue is 071 millions. Received July 2. 10.45 p.m. London, July 2. The quarter's revenue shows Customs '£17,710,000, excise £9,114,000, stamps I 'JI.iM.DOO, property and income-tax £ 23,93 J,OOO. "BABY WEEK." Received July 2, 10.45 p.m. London, July 2. "Baby Week." the outcome of the national effort to protect child life, began to-day. The Queen opens a comprehensive exhibition at Westminster for the purpose of instructing mothers. Lady PU'.nket has organised a New Zealand section.