ITALY AND TURKEY

Wairarapa Age, Volume XXXII, Issue 10459, 25 October 1911, Page 5

ITALY AND TURKEY

FINANCIAL CRISIS IMPENDING ONE BANK SUSPENDS. (Received Last Night, 9.55 o'clock.) CX)NiSTAiNTXNOP!LE, Oct. 24. Owing to the political situatioa, a grave financial crisis is imminent. Several failures of important houses have occurred. The Bank of Mytilcno lias suspended for a fortnight, owing 'to the scarcity of gold. , There has been a sharp run on the Bank cf Sakmica. TURKISH CAMPS LOCATED. MTNiOiEi ENCOUNTERS. (Received Last Night, 9.55, o'clock.) ROME, October 24. Ail aeroplane reconn'aissance of Tripoli revealed, four Turkish camps eigjit miles' beyond the Italian ' outposts. Several reconnoitring encounters have taken plaoe, in which the Turkish troops h<avo been repulsed. BENGHAZI BOMBARDMENT. SENSATIONAL RUMOURS. (Received Last Night, 10.30 o'clock.) MALTA, October 24. There are persistent rumours that the Italian casukvties at Benghazi nere 12,000. It is reported that the Arabs massacred all the monks and nuns at Deraa.. ' Four thousand Arabs helped ihc Turks in the defence. The Italians bombarded the town for ten hours. AREA OF OPERATIONS. (Received October 24, 9 a.m.) LONOBN, October 23. ' Mr .J 1 -. D., Aoland,. Financial Secretary to the W'ar.Qffice, speaking at Tiverton, Devonshire, said the Gov-; crriment wotild use every effort to re strict'the area. of the Turco-Italian . irar.