STILL SERIOUS.

Auckland Star, Volume XLII, Issue 217, 12 September 1911, Page 5

STILL SERIOUS.

INTERNATIONAL OUTLOOK. GERMANY'S PROGRAMME. A CONDOMINIUM WANTED. (By Cable.—Press Association.—Copyright.) (Received 9.5S a.m.) PARIS, September 11. A semi-official note has been issued to the effect that M. De Selves (French Foreign Minister) is considering the German proposals, and is likely to accept these strengthening economical equality between tho Powers in Morocco.

It is believed that he considers it impossible to grant Germany a privileged economic position. Reuter's Agency states that Germany agrees in principle to a French protectorate, but the accompanying reservations invest the outlook with seriousness since they practically amount to a condominium in regard to telegraph and railway construction.

READY FOR ANYTHING. FRENCH FIGHTING MACHINE. (Received 9 a.m.) PARIS, September 11. M. Delcasse (Minister for War), speaking at Toulon on Sunday, said that France's fighting material was ready for any eventualities at any moment. "ON THE RUN." HITTING GERMANY THBOUGH HER POCKETS. LONDON, September 11. The Paris correspondent of the "Daily Graphic" states that the Russian Government is withdrawing money it had deposited in Berlin, as all French and much British money is being called in. The Berlin settlement at the end of the month promises to be disastrous. French financiers believe that they have Germany "on the run," and the best means to prevent a conflict is through their pockets. The "Graphic" adds that German houses are finding a difficulty in getting paper accepted for enormous purchases of grain. THE BERLIN PANIC. TENSION RELIEVED. (Received 10.50 a.m.) BERLIN, September 11. The news of the Bourse panic has spread to the provinces, and .brokers have received shoals of telegrams with instructions to sell at any price. Bank and financial shares fell three per cent, and mines seven per cent. Meanwhile runs on municipal savings banks continued. Many small tradesmen demand the return of their money without tho customary three days' notice. The Government issued reassuring nev/s concerning the international situation to-day, and relieved the tension in the Bourse.

FOUR GESMAMS KIIXED. (Received 2.10 p.m.) TANGIER, September 11. It is reported from Marrakeesh that four German mineralogists have been assasinatcd in the Sus district. GERMANY'S PROPOSALS. PARIS, September 11. It is semi-oificially stated that the German counter proposals received raise questions of principle, requiring serious and minute examination.

In the earlier stages of the negotiations, before the last mail left, the situation which has now arisen, involving a new principle on Germany's part, was predicted by the "Matin," which wrote: "What is the situation? Germany has asked for a certain territorial compensation which Franch does not see her way to granting. Site asks it in exchange for the engagement to leave to France freedom of aetion in Morocco. But Germany does not explain what she means by tins freedom; as, when she negotiates, she has a horror of clear and precise declarations. France, on the other hand, with her lovo of clearness and logic, has often been put out by the ambiguity of the German methods." Tho "Matin added that the situation was very similar to that which existed in 1908 with the affairs of the deserters at Casablanca. For a week neither Rower advanced oi receded a step, and then one hue morning thanks to France's firmness and clearlydefined attitude, the wished-for solution was found. It was anticipated that the basis of settlement would be: {I) tho territorial compensation comprising a large rectification of frontier in the direction of the Chad and of the. Middle Congo, and perhaps an exchange of territory, that of a portion of the German Togo, which would round off the French colony of Dahomey, for an equivalent portion of the Congo for the benefit of tho Cameroon. (2) An economic arrangement in Morocco comprisingf certain guarantees to German interests, and participation of German capital in a number of enterprises. In lontf articles, headed respectively, "Who would stake more?" and "Whom does danger menace?" the "Chauvinistic Deutsche Tageszeitung" and the "Post'" discussed the chances of a conflict between Great Britain and Germany, and came to the identical conclusion stated by the latter paper, with the prominence of heavy black lettering, that "we need not fear war, but for England war would mean the annihilation of her position as a world-Power, even if she should succeed in destroying our fleet." Briefly stated, the line of assertion by which this result is reached is that in hostilities between the two countries Great Britain would suffer so severely at sea as to sink to the rank of a second-class naval Power, and that practically the whole world would then set upon her, Russia, for instance, appropriatirg Persia. Japan invading India, and the United States seizing the West Indies, while Britain's strength would be further sapped by revolutions in some of her colonies and dependencies and the defection of others. It was also maintained, as it has long been believed by many politicians in Berlin, that after such a Avar Germany would recoup herself through her hold on subjugated France