inued relueof the fleet to face an eucucenent, even with four atthe wen will not Lick rewanees the war. which she did a seek. but which ete is rsulved paint. Krmes'e maerven she can resid sithont the Joruspeet of puts of Iuetilities, The of the wir will depend at any tine on the situs of our Patting this statement side by with the interview with Mr, Georg: reported on anoth one may feel that the Ales regard the future with ealmn Fecpeet of both men and money Hsers ta show what it can do, com voting opinions are quot-4 inthe "Scientific American." A wheining strength yans Will net risk the loss of how own fleet Sane soeity but will try tok an asset in the peace wxotiations. This view overlooks the fate tations wilt be germany arms of enterprise ar lurids. The first was the Lomton and South-western Railway pany, thea followed the Sontl seen Roiieay and. last month, the Mety A not-alte thi nit these joans is the high h has to be paid for their borrowings. Whereas in the will he at an the past, for example, the Metropolitan Raitway has been able te issue Preference st ing three anda half por cent. interest, the current jue yields a trifle over five The fact illustrates the whic mine Te plan might be to British fleet over field or to where the British battleship These plans have one dis that the ders doing sac Germans wish, and that, cumstances, is to expect a good deal. of war upon capital and The European Powers are wealth at the rate of 089,000,000 to £4,000,000,000 per annam with an enormous decline in prvluction. That means that, for ug for with every rise the cost of capital, industrial development is ad. To a certain extent, this is counteracted nand for certain comnad us regards other Kinds, however, wheat far instance, theee "<ny falling off, Original from
Text read from the printed page and cleaned; old type leaves the occasional error.