Gibraltar, Jan, 22.
'A submarine of the Vaienela Government was caught in a submarine net placed in Santander harbour by the Socialists themselves in defence against nationalist submarines, according to a: report from Bllbao—Trans-Ocean Kuo Min, Over Maarla yet seen on any Spanish front, and carrying large swastika signs painted under the wings, flew yesterday over Republican positions round Madrid, It; was announced here last night.
The military situation. on. the Madrid front remains practically une changed. Further advance of a few hundred feet was made by loyalist troops near the bridge de 10s Franceses in the north-western suburbs of the eapltal—Havas, An Italo-German company for the exploitation of Ethiopia's natural resources has been formed with a capital of Liras 50,000,000 of which 49 per cent. has been pald up by German interests.
Text read from the printed page and cleaned; old type leaves the occasional error.