This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past. Germany has declared war against Russia. Italy has officially declared her intention of remaining neutral, holding that her obligation to the other partners in the Triple Alliance does not entail her joining in an offensive war. Mobilisation is in active progress is nearly every European country.
Shipping movements as far as the greater part of the Continent is concerned are at a standstill, and President Wilson is engaged in promoting an amendment of the law so that foreign vessels may come into the United States register. Extensive precautionary measures have been taken in Britain. The financial crisis continues throughout the world and Exchanges in many countries have closed. The London bank rate is 10 per cent.
Mr Harold Beauchamp, chairman of the Bank of New Zealand, states that the banks hero arc all in a sound position and there is no cause for alarm or panic. By' Telegraph—Press Association—Copyright. Ponsonby, M. Viscount Bryce is associated with him.
Conversations between Russian and Austrian diplomatists at Vienna continue. This now is the chief hope of averting a European conflict, it is recognised that the Kaiser and Sir Edward Grey are working hard to preserve peace,' hut pessimists describe all the conversations as whispering around a death-bed.
It is reported that the Russians have blown up tile railway bridge rear Granitza, in Austrian territory. A telegram from Pekin states that the German squadron is concentrating at Tsingtau. German war munitions, colonial troops and Austrian detachments are being hurried to Tsingtau. A general mobilisation has been ordered. The Vaterland, at present at New York, has been ordered to remain there. The German Government has prohibited the export of all foodstuffs and material useful in the event of war.
