OFFENSIVE AGAINST SERBIA.

Otago Witness, Issue 3212, 6 October 1915, Page 24

OFFENSIVE AGAINST SERBIA.

LONDON, September 27. Berlin papers describe the progress of the fortification work preparatory to a fresh offensive against Serbia, whose aircraft are daily searching the frontier region in order to observe the transport of troops and army groupings. The Daily Chronicle’s Athens correspondent advises that the Allies informed Greece that in the event of an attack on Serbia and Greece the Allies will land a fully-equipped force and also render financial assistance. BULGARIAN ATTITUDE. SOFIA, September 28. The Crown Prince has been ap* pointed commander-in-chief, and General Kutintcheff War Minister. The Narodni Prava (the Government organ) says that Bulgaria is not only compelled to prepare for any attempted violation of her interests, but to ob= tain in the most favourable circumstances what she cannot do without. The newspaper Mir declares that Bulgaria must obtain the abolition of the Bucharest treaty. NEW YORK, September 28. All Bulgarians in America have been called upon to join the colours. FRENCH WAR EXPENDITURE. PARIS, September 28. A Senate memorandum shows that the total credits received and pending are £1,200,000,000, and the expenditure for the past three months (including the war) was £74,809,000 monthly. The estimate of the monthly expenditure for the coming quarter is £83,000,000. The chairman of the Finance Committee announced that an important loan was pending. Hitherto they had met their expenditure without much difficulty, but a more radical solution was necessary. ANGLO-FRENCH LOAN IN AMERICA. NEW YORK, September 27. The Anglo-French Financial Commission and the eastern bankers have reached a virtual agreement on the details for the proposed loan. Four members of the commission will leave Chicago to confer with the western bankers on tentative terms and details. The amount of the loan is about 500,000,000 dollars, the securities joint Anglo-French notes, and interest 5 per cent., to yield investors per cent., the notes being issued slightly under pai'. Conversion is privileged at the maturity of the notes, the holder to receive cash or joint Anglo-French 15 or 20-year bonds, bearing 4g per cent, interest.