LATE CABLES.

Oamaru Mail, Volume XLVII, Issue 13050, 12 January 1917, Page 3

LATE CABLES.

[By Electric Telegkaph—Copybight.] Peb Peess Association. VICTORY DIFFICULT—DEFEAT IMPOSSIBLE. MR LLOYD GEORGE'S SPEECH. (A. and N.Z. Cable Assn. and Reuter.) Received January 12, at 1.25 p.m. London, January 11. Mr Lloyd George, speaking at the Guildhall, said that the Kaiser, in order to drug those he could not dragoon, told the people that the Allies had rejected the peace terms. M'e had not seen the peace terms. We all wanted peace, but it must be a real peace. The Allies at the Rome Conference were under no delusion as to the magnitude of the task, nor doubhtful of the result. The whole situation was probed, the difficulties faced, and arrangements made to deal with them. The Allies felt that if victory was difficult, defeat was impossible. —(Cheers.) There was a grim resolution to rid the world of the everlasting menace of the Prussian military caste and save Europe from an unspeakable despotism. The Allies were more and more looking towards Britain, and he was confident that the trust would not be misplaced. • Our Navy would continue to strangle enemv commerce, despite piratical devices* while, with proper support, our gallant armies would cleave the road to victory in 1917.—(Loud cheers.) The Premier said a successful loan would shorten the war, save lives, save the British Empire, and European civilisation. The Prussian menace at present- constituted . a running mortgage which detracted from our national security. Let us clear that mortgage for ever,* and in future let the nations combine to punish the first peace-breaker. —(Continued cheering.)

THE ALLIES' PEACE TERMS. Received January 12, at 2.35 p.m. New York, January 11. The Allies' reply insists on the restoration of the occupied territories, and also territories wrested from the Allies in the past, the liberation of the Italians," Slavs, Roumanians, and Czechs, and the expulsion of the Turks from Europe. The detailed terms to be discussable until "the hour of negotiation."