RUSSIA

New Zealand Times, Volume XLI, Issue 9256, 25 January 1916, Page 6

RUSSIA

WILL HOLD OUT TO END THE CZAR’S DECLARATION. Br Toles? rap h—Pres a AaaoclaUon—CoprrJfht PKTROGKAD, January aa. The Czar told a French representative: ‘'Even if events compel withdrawal to the Volga or JCamschatka, Russia will preserve her unshaken bio firmness. If only one nation holds out it shall he Russia.” CAMPAIGN AUSTRIANS REPORT HEAVY HAND-TO-HAND FIGHTING. f} r ToUj-raph Pre«, Anoolatlon— Coprrltlo AMSTERDAM, January 23. An Austrian communique states: After a respite of three days, the Russian offensive in Bessarabia was renewed with the arrival of reinforcements. . , , , , * After an all-night bombardment, the Russian infantry attacked at dawn, advancing in swarms. Fighting for the first lino trenches lasted till late in the afternoon. The Russians penetrated portions of our trenches, but after bitter hand-to-hand encounters they were dislodged. NEW GERMAN TAXES CAUSE BITTER DISCUSSIONS. “Time*'* and Sydney “Sun** Berrlc«e. (Received January 24, 5.5 p.m.) AMSTERDAM. January 25. The now taxes are being bitterly discussed in Germany. The Socialists demand the seizure of war profits, and Liberals complain of the folly of loading the people with new burdens while the national unity is endangered. “ . . The Cologne “Volks Zeitung" declares that a few hundred million marks , more of indebtedness does not matter. The people will accept any amount of taxation. GERMAN BUDGET NO reference to war expenditure.

By Taleeraph—Prea* AMooiallou— Oopwlak* COPENHAGEN, January 23. Tho German Imperial Budget for 1916 will be presented next March. It will not contain any military or naval expenditure, as this is paid by the war ’ loans. Tho expenses appearing in the Budget will thua be 1,1.00,000,006 marks below those of 1915 (when the total was 3,495,713,671 marks, or £174,785-093). Interest on the loans is entered as 2,000,000,000 marks. IMPERIMJINANGE A LESSON PROM CANADA. "Times" and Sydney ~S nnM SomoeaLONDON, January 21. “The Times” in its financial and trade review says that there is no more "significant thing in connection with financing our adverse balance of trade than the Canadian Government’s arrangement for credit fropa the Imperial Exchequer for part of the first internal Canadian loan. The example of Canada shows the self-governing Dominions’ possibilities in finance if war conditions are prolonged. Perhaps it is the beginning of a neiw era of Imperial financial arrangements.

ARMAMENTS

SUGGESTED LIMITATION.

"Time*” and Sydney "Sun" Servlet* WASHINGTON, January 21. Mr Daniels (Secretary for the Navy) told the Senate Military Committee that he hoped for an International agreement to limit armaments after the war, America was in a position to tell the Powers that she is rich enough to outbuild them unless they agree to limitation. KAIBERJIN NISH FAILS TO INSPIRE BULGARIAN SOLDIERS. Telegraph—Pre«» Anoolalloa—Oopyrighl SALONIKA, January 23. The Kaiser’s visit to Nish has not inspired the Bulgarian troops with equanimity or energy. They prefer less rejoicing and more food. Deserters state that the army is almost without bread. IN THE_OAUCASI)S Ml ZERO UM FORTS BOMBARDED. By Telegraph—Press Association—Copyright PETROORAD, January 23. A communique states: The precipitate Turkish retreat from the Tortum region continues. Cossacks charged tho rearguard near the Erzoroum forts, sabring several hundred. Onr artillery has begun to bombard the forts.

BALTIC TRfDE

SWEDISH RFX3ULATTONS TO BE ENFORCE®.

By Ta'oeraph—Preae Aaaoclation—Copyright COPENHAGEN, January 23.

A Swedish Blue Book shows that the Scandinavian Convoy Conference In February to deal with regulations regarding tho convoy of merchant ships failed, owing to Britain’s objection to convoys in British territorial waters. Sweden, however, has issued convoy regulations, which she will enforce in tho Baltic, probably in the autumn. Sweden’s economic situation is described as good. The savings bank deposits in 1915 totalled 29,000,000 kroabove those of 1914. DILUTION OF LABOUR TO BE OARIUBD OUT FORTHWITH. jgy 'lVsJ^crapb—Preaa Aa9oclalion—-C<n>yHgh» (Received January 24, 9,5 p.m.) LONDON, January 23. The Government has appointed commisMuncrs f° tho Clyde and Tyne for the pi ipose of immediately carrying out tho dilution of; labour.