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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 22, 1915
Page
2
The government seeks a one billion pound war loan to cover wartime costs with potential to rise beyond 250 million while allowing participation by prior loan holders. The loan will be issued at par, carry 4.5 percent interest, and be redeemable between 1915 and 194. The chancellor noted the ceiling may approach a thousand million pounds, but he did not insist on this exact total.
The chancellor of the exchequer explained a plan to issue a new war loan with favorable terms for holders of consols and the first war loan securities. He urged public patriotism to lend without immediate repayment during the war and outlined conversion terms for old securities into the new loan. Officials noted possible taxation later if war funds required, and the plan met a positive reception in financial districts.
Lemberg teeters on collapse as Russian retreat accelerates toward Galicia’s capital. Berlin reports Rawa Ruska captured by Austro German units. Mackensen seals rail links and pressures Lemberg from three sides. Metzeral in Vosges falls to French assault. Bonhomme and routes toward Colmar captured. Turkish Dardanelles activity noted. British Commons approves a 1 billion pound war loan. De Wet treason verdict. no death sentence expected.
Official war office dispatches report continued Allied offensives in Galicia around Lemberg with Russian retreat, captures, and heavy losses. Meuse and Lorraine fronts see progress and local gains for German forces, including village occupations and prisoner takings.
Berlin reports Austro German victory in Galicia with the capture of Rawa Ruska, 32 miles NW of Lemberg. The war office notes additional Western theatre actions near Arras and Soissons, including repulsed French attacks and German counter offenses, plus tactical moves around Luneville and Metzeral amid broader battles on multiple fronts.
Paris reports the French army advanced toward Souchez by occupying several trenches and nearing the northwest edge of the village. An all night artillery duel occurred near Dompiere west of Peronne, with the enemy mine attack halted after three mines exploded.
A bomb exploded early today at the Peabody Company, Ltd. factory in Walkerville Windsor, partially wrecking the plant which had just completed an order for 115 000 British uniforms. No injuries reported in the initial accounts.
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