AUSTRO-GERMANY.

Taranaki Daily News, 26 July 1918, Page 5

AUSTRO-GERMANY.

GERMAN DEFENSIVE TACTICS. FANTASTIC SCHEMES,, Eeceived July 25, 7.20 p.m. London. July 24. The Daily Mail's Berne correspondent, writing on the 24th, says the general opinion in military circles in Germany is. that if the present offensive fails the; Germans may revert to defensive tactics on an unprecedented scale. Experts art discussing the construction of a system of concrete moats and underground railways and camps.—Aus. N.Z. Cable Assoc. and Reuter. AUSTRIA'S WAR DEBT. Received July 25, 7.20 p.m. Amsterdam, July 24. The Austrian Finance Minister, jxi introducing the budget, stated that the war expenditure for the four years was £1,609,000,000. It was estimated that the fifth year would reach i The financial situation was serious, but, not hopeless,—Press Assoc. MARNE DEFEAT DEPRESSION. London, July 24. The failure on the Marne haS seriously shaken the morale of the German people. The newspapers give prominence to trailquilising articles, and deny tlie rumors* of attempts o« the live# of the Kaiser and Hindenburg.—Aus. N.Z, Cable Assoc. REPORTED PEACE OVERTURES. . New York, July 24/ Germany has made overtures to Spain offering peace on the basis of her eastern conquests.—Aus. N.Z. Cable Assoc. EXPLOSION IN BIG GERMAN FACTORY. Amsterdam, July 24. i A tremendous explosion partially de- I stroyed the General Electric Company's factory at Plauen. There were many deaths. —Aus. N.Z. Cable Assoc. AMBASSADOR TO MOSCOW. | Amsterdam, July 24. . Berlin official: Herr Helfferich has been appointed Ambassador at Moscow. Two battalions of German soldiers will accompany him and guard the Embassy. ■ —Aus. N.Z. Cable Assoc.