FOR A TWELVEMONTH. A CHILL IN ENTHUSIASM. (By Cable.— i Press Association.—Copyright.) (■Received 8.55 a.m.) LONDON, March 25. Loril Balcarres, Junior Lord of the Treasury in the Balfour Government, in a speech at Beckenham, said that New Zealand's offer of a Dreadnought, and a second if necessary, was equivalent to £4 per inhabitant, yet its acceptance was likely to be deferred for twelve months. The "Times" says that the Opposition consider the postponement of the acceptance of New Zealand's offer will chill the enthusiasm and loyalty of the oversea dominions.
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