PROBLEM SAID TO BE SOLVED.

Feilding Star, Volume XIII, Issue 3234, 7 May 1917, Page 2

PROBLEM SAID TO BE SOLVED.

(Received May 7, 9.25 a.m.) New York, May C. The livening World states that tho Naval Consulting Board has solved tho submarine- problem and has submitted its plans to the Navy Der>artnient. The plans are based on actual experiments. The general opinion is that tho proposed Anglo-British policy towards submarines will consist of a system by means of which Britain and America will co-operate for the more complete blocking of the North Sea, even if it entails -greatly diminished supplies l<>r neutral nations. London, May 5.' Tho Admiralty reports that an old type of destroyer wae mined and sunk in tho Channel on Wednesday. An officer and 61 men are missing. A French official message says: The shipping returns for the week ended April 29 shows: Arrivals 986, sailings 995. Wβ lost one vessel of over 1600 tons and five under 1>" submarining and mines. Eight were unsuccessfully attacked. NORWAY'S HEAVY TOLL. Christiania, May 4. The President of the Storthing said tho Norwegian shipping losses were a grave problem. If they continued, it would bo impossible to replace the- tonnage. At the present rate of sinkings, th© whole of the mercantile marine would be wiped out in 18 months. The Aften Post says that 66 Norwegian vessels were sunk in March and 70 in April, whilst 100 Norwegian sailors were killed in April.

FINANCE.

BRITAIN'S EXPENDITURE,

(Received May 7. 9.25 a.m.) London, May 6. Mr. Bonar Law, Chancellor of the Exchequer, announces that the new vote- of credit to .bo passed on Wednesday is expected to be for £500,000,----000, making Britain's total votes £4,642,000,000. Washington, May 6. Subscriptions of new money to tho Liberty loan are coming in at the rate of 20,000.000 dollars (about £4,000,000) hourly.