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de. Announces Victory Says Trap, Not Peace spatch from London says: The "victory loan" will be an issue at 2v8 por east, at the price of 95, the period to be 80 years, but with an op- tion of redemptign in tw years. Bonar Law, Chancellor of the Ex- chequer, made the announcement at the Guildhall on Thursday, where British financial leaders assembled to launeh the loan, The meeting was un- der the chairmanship of the Lord Mayor, and Lloyd George and his Fin- ance Minister were the principal speakers. ts Interest in the Premier's speech was whetted by his t visit to Rome, which was expected to color his remarks and afford a keynote for the country-wide war loan cam- paign of the next few weeks, Founddtion Crumbling. Bonar Law said that if the loan should fail---and it would not, he de- clared--there were other methods which could be applied, and the rate then would not be five and one- quarter per cent. The military position, the Chancel- lor said in his address, did not repre- sent the true position of affairs. The great German military machine, he ' declared, was resting on an internal foundation which was "crumbling ir- resistibly before our eyes." Bonar Law said that investment in the loan would be on better terms than would be offered in the future. There was no limit to the rate of interest the Government would pay for money, he declared, but so far as he could forecast the future a higher rate of interest than the present would not be paid. A Trap, Not An Offer. Premier Lloyd George said Em- peror William had told his people that the Entente allies had rejected his peace offer. The Emperor did . was difficult, defeat was impossible. "We were not offered terms, but a trap baited with fine words. It would suit Germany to have peace now on her own terms, We all want , but it must be a real one." e Premier said the allies were of the opinion that war was prefera to n domination over Europe. | The allies had made that clear, he sald, in their reply to Germany, and ' clearer still in their reply to America. | The grim resolution of the Entente Allies at the conference in Rome was that at all costs they must achieve the high aim which was before them when they accepted the challenge of the "Prussian military caste" to rid the world "forever of its menace, and save Europe from unspeakable des- potism." Defeat is Impossible. The Rome conference was under no delusions, Mr. Lloyd George con- tinued, as to the magnitude of the {task of the allies, but felt no doubts as to the results. The whole situa- ation was probed, the difficulties were made to deal with them. All the al- lies felt, he declared, that if victory Victory This Year. The Premier said the navy had strangled the commerce of Great Britain's enemies and would continue to do so despite "all piratical devices of the enemy." With proper support at hand, he continued, the armies would cleave the road to victory during 1917. janteed by 4 stable regime and found- ble | the assent and approbation of the 8 great nation who inherited, ed and developed the best principles and traditions of Western civilization. avail thémselves of a phrase which they picked out of the President's no favowal of their views as to the terms on which.the war might be con- cluded," and told him in substance he' was on a mistaken road to peace, The allies do not pretend in the present position to state all their war aims in detail, but declare the general objects with more amplitude and precision than in any statement they have® yet | made to their own countrymen." The Only Terms. The Times then ennumerates the terms of the allies, viz: The restora- tol tenegro and complete reparation for the damage they" sustained, and the' of France, Russia and Rumania, with; to such reparation as is considered just. The reorganization of Europe, guar- 26 ed upon the respected nationalities | 36 and full liberty and security of all great and small nations, The restitution of territories pre- viously severed from allied nations by 28 tu The best security for peace in fu- ture, Mr. Lloyd George said, would be obtained when nations banded them- i selves together to punish the peace breakers. BRITISH WIN IN PALESTINE Anzac Mounted Troops Destroy Turk Position At Rafa. A despatch from London says:-- The War Office reports: "On Tuesday our troops captured a strong enemy position consisting of six lines of entrenchments with six main redoubts and a central keep, covering Rafa, 30 miles north-east of El Arish, Egypt. The attacking force, composed of Anzac mounted troops and the Imperial Camel Corps, left El Arish on Monday, and the at-| tack on the position commenced at 7 am, Tuesday. The fighting lasted until 6 p.m., when the position was finally carried. i» "After the engagement a Turkish | relief force was located, advancing, from Shalal, 16 miles east of Rafa.| This force was engaged at a point about four miles from the Rafa posi- tion, and was entirely destroyed. "Up to the present we have taken 1.600 unwounded prisoners and four mountain guns. The enemy killed and wounded in our hands amount to 600." ITALIAN BATTLESHIP HIT MINE ) 675 MEN ON BOARD PERISHED force or contrary to the wishes Oo their populations, ; The liberation of "Italians, Slavs, Rumanians and Czech Slavs from foreign domination. The retirement of the Turkish Em- pire from Europe. The expression "they must provide restoration of the provinces torn from the allies by force against the wish of : } the inhabitants" is a clear reference, says the Times, to Alsace-Lorraine. The editorial concludes: "We feel confident the excellent impression which the allies' reply to Germany created must be confirmed and inten- sified by the more ample answer we make at the suggestion of the Presi- dent." 69 ch . 41 ee "VICTORY LOAN" 1 Tremendous Response to Lloyd George's Appeal. " » A despatch from London says :-- real The German Government hastened to' ton, No, 2, do, note in order to curtly refuse the in-|trock | formation which he asked. They made {heamery prints, 45 to 47¢; solids, 48 to Cc. &8--N age, selects, 42 to 48¢c; new- Cheese--Large, 25 [IH to 36%; triplets 264 fo S640 0 263 lets, i to % po! fowl, 16 to 18c; ducks, 20 per 60-1b., 9 to 9% heavy $250 to § i - | British tion of Belgium, of Serbia and Mon Funawick. Delaware or 0 Le FO evacuation of the invaded territories bash, 6.50 to 27 18ic A ¢ pound, 162 to Montreal, Jan. 16.--~Oats--Canadian W.. No. 2, Tic; ing, wheat strong bakers', $9.30; 43 to lots, finest easterns, 24c. creamery, 43 to 48jc: Northern, GRIPS J. BULL i 894; orthern, $1.83% to July, In 0, to 47.50. in sl ; he flifeed--Car lots--Deliver Mont- tghts, b 2 "per | h 55 Shorta, O fr 471: food wed four, Hay--No, oo Der ton. $12.80 to $18.60; r lots, per ton, $9.60 to $10, L y P 'Wh Butter, fresh dairy, cholce, 38 to Joo; tra: Toren 0-1 storage, 39 to 40c; stor- oar- 58 to 60c. | twins, 26 22 to 24c; 4 ; squabs, oash, 34 2 $4.50; turkeys, to 30c; ¥ y 18 to 1300, 10-1b. iok v6 186: ns, S ho 3 12 to_13¢; buckwheaf, 60-Ib, eign per ter, Ii Th el rT dos, qi H 75: No. 2, $2 to $5.26. per. 2. bag, Pefis: ns, 60 to 65c; out of car to d Potat od 0, ar th Beans -- Imported, hand-picked, 6; Canadian hand-picked, per to $7; Canadian primes, $6 i Limas, per 1b., 8} to 10c. Provisions--Wholesale. Smoked meats--Hams, medium, 25 to c; do. heavy, 22 to 23¢; cooked, 34 to c; rolls, 19 to 20¢; breakfast bacon, 26 c; backs, plain, 26 to 27¢; boneless, ' to 30c. » red meats--Long clear bacon, 18 to per 1b.; clear bellles, 18 to' 184c. rd--Pure lard, tierces, 213 to 21%c; 21% to ae pails, 22 to 223%c; com- c. v $6.50 th so th in bs, 1 Montreal Markets. No. 8, 69c; extra No. 1 feed, Barley-----Manitoba feed, $1; malt- $1.30. Flour--Manitoba Prine --- patents, firsts, $10; 9.60; tents, | C, 0. oice, $9.25; straight roller ; ba, 26, tolled d 7.45; go; bag 8, 2 . Bran, A orts, $38 to $40. Moulllle, y--No. 2, per ton, car Cheese--Finest westerns, 260; Butter--Cholcest Seconds, 40 to c. Kggs--Fresh, t $13. in #c; seconds, 40 to ic. Potatoes--Per $1.96. Winnipeg Grain. Winnipeg--Jan, 16.--Wheat No. 1.814; No. 2 Northern, $1.784; Northern, $1.74§. Oats--No, $ ; No. 3 C.W,, 54; extra No. 1 c; No. 1 feed, 52fc; Nv, 3 feed, Barley--No. 8, $1; No, 4, 94¢; re- ed, 78c¢; feed, 78¢. Flax--No. .C., $2.68%; No. 2 C.W., $2.563. United States Markets. Minneapolis, 88; July, $1. 10.3197; to 36 Vi .--Wheat--No. 1 hard, Northern, $1.884; No. 4 $1.86; May, $1.874. hseed, 3 arrive, $2.864; May, $2,903; Live Stock | Markets. Toronto, Jan. 16--Cholce heavy steers, No, 1' no; wi a track To: | homeless Police Prevent Casualties. Consequently, as the flames reach- each case of shells, and exploded e charges, the projectile shot high into the air--often several hundred feet. the fuse, But as it descendede without ich alone could explode e charge, its fall was only that of much metal, Even so, the fact at not one of the thousands 'of peo- ple in the neighborhood was hurt, so far as could be learned, was due prin- cipally to the prompt police medsures clearing out the houses in the en- dangered districts near by. The munition plant lies in the Jer- sey Meadows, seven miles west of the spark fell innto a tub of the alcohol and set it ablaze, One theory is that an electric drop light hung above the tub had become short-circuited, and. that the spark was a piece of burn- ing insulation. - There was another story that the spark fell from the carbon of an arc light high above. However it began, the tub of alcohol was ablaze in a moment, and the workmen in the building turned and fled without de- _ lay. . ' SERVICE TO ALASKA. P.R. Stgamer Will Make Three Trips for Tourists. As was the case during the past season the C.P.R. sfeamship: Princess Charlotte will nfake three round trips the Alaska tourist service next 41, year, which becomes effective June 8, 85 to 60c; selected, 42¢; No. 1 stock, 40c; 1917 ; No. 2 stock, 34 > bag, car lots, $1.76 to The list of tourist sailings between ctoria, Vancouver and Skagway, which has just been announced by the B.C. Coast Service, provides for three round trip sailifigs for the Princess Charlotte, seven for the Princess Alice d seven for the Princess Sophia, making 17 round trip sailings all told for the summer season of 1917. The advent of the palatial steamship ard, | Princess Charlotte tourist trade last summer was such a s-- | pronounced success that the company had no alternative but-to arrange for her return to the northern run next year, when it is expected tourist travel in the Alaskan rth will break all records. The schedule has been arranged earlier th a view to giving plenty of time - A. POWDER EXPLOSION ATTERS FACTORY 21 Men Reported Killed in Wreck at DuPont Plant \ At Haskell. : w : A despatch from New York says: Two of the powder magazines of the DuPont Powder Company, at Haskell," N.J., were blown up on Friday night. The explosions were of terrific force and were felt for many miles in all directions, The detonations were fol- lowed almost immediately by a fire, which could be seen as far away as Yonkers, and distant points in New Jersey. The Haskell plant covers sev- eral acres and is one of the company's largest. In the plant and the village were several hundred buildings. The concussion blew a tremendous hole in the side of a mountain, near which the plant was built. The loss of life is estimated at 21. Four hundred thou- 4 of The Disaster Occurred a Month Ago, But It Has Only Now Been Announced. for the arrangement of advance book-| ang pounds of powder was destroyed. ree fp ree ROME CONFERENCE TURNING POINT IN WAR. A despatch from London sa: Times in an editorial on W regarding the recent War Cou in Rome, says: "The conference 3 concluded in Rome may well prove one of the turning points in the war. More than one vital decision was reached | with complete harmony. The road fo victory, though it may be long, is now Tunieg straight to the appointed end." Great Britain's loan of victory was $9.75 to $10.35; do. good, $9.26 to LT 0 60; successfully launched on Friday. butchery cattle, ch ice, $9.25 to ; | Ings. i Stimulated by the speech of Premier {o"¢§3 #8.75 to 35; do. 'medium, 336 | The company proposes making a 3 5, 40. common, $7.60 $8; | feature of this delightful travel route, b bulls, c , $7. 765; % Lowy Cours Ib the Suiidhall 3 do. wood bulls, 2i3R 10 ots: do., rough | and specially illustrated and descrip. y L105 0 classes of society to place their capital $7.76 to $8.50 ulls, $5 to $4 HL Cora choles: tive literature is being prepared for at, the disposal of the Government, fs 7135: oho medium. $6.65" ¢ jtockers, $5.65 Sisyribationt all over fhe continent. The di it aby Cholce feeders, 37 to $7.76; can- | accommodation on the Princess Char- d 4. 50; % : Re Et arvrlrs homan vo uur their ins wid Subic, YER AO ew EY on oar age io tie Bank of England on ana medium, sach, 310 ties booking in 'the East. A large Friday morning. The Premier's de-!$50 to $100; light il number of Inguiries regardis arge claration that "a well-directed check" ghesP: heavy, §6 to $7.60 wu Faraing was now as powerful as shell and 3 | northern tours have already been shrapnel, met with an instant re- oft 'cars, $18.25: do. £.0b. made in the East by parties who were sponse. ~ By noon half a billion dol-| Montreal, Jan. 16.--Cholce Steers, $9: unable to-fake the trip last Summer: lars had already been subscribed. ood steers, $7.80 to $8.25, butchers oe th Br Tidey the building leased by .'milk fed | There are no words of more than six rush of war-loan bidders was crowd- | hogs, $12.75 to 813750, - 15:80; select | syllables in the Bible. ed 'with a picturesque throng, which . : BUL GARIA HAS CALLED OUT : included many soldiers in khaki and : OF GERMAN LOSSES : ' : some women. The doors opened ear- rroiom THE LAST AVAILABLE draught of 27 feet. Her usual com- plement was 730 men. The battleship carried four 12-inch, four 8-inch, A® despatch from Rome says: It is officially announced that the Italian : battleship Regina Margherita struck twelve 6-inch- guns, twenty 12-pound- a mine off the Albania coast anders two 1-pounders, two maxims and sank December 11. Six hundred and|four torpedo tubes, seventy-five men on board perished.| The Regina Margherita was a sister © Two hundred and seventy were saved. | ship of the Benedetto Brin, which was | The battleship Regina Margherita badly damaged by an explosion on was laid down in 1898, and completed | board in 1915, in which a large num- in May, 1904. She was a vessel of [ber of her crew, including Rear-Ad- 18,427 tons, 426 feet long, and had a |miral De Oervin, were killed. : i s ves, calves, $10; lambs, $12 BRITISH CAPTURE POSITIONS | ON FRONT OF NEARLY A MILE Several Raids Also Resulted in the Bagging of Large Numbers i of Prisoners. i oh I lier than at the bank, and from short- RESERVES 7 -- LL Y after 8 elec uphil closing hours| | e entry was filled with applicants for IX teh £ Berli 4 of the prospectuses, which are being dis- flespa rom Berlin says: © T tributed broadcast over the city. Even the total number of officers and men the East End has its share in the loan, one of the earliest. visitors at the bank being a costermonger who wheel- ed away a pile of the pamphlets for the small dealers in his neighborhood. Allover Britain application forms are being given out. The munition fac- Soviesy in particular, are Deine 8ys- tematically canvassed vern-| "+ and broken up with loss. One hun- ment, which, is asking the workers, | 10 dred and seventy-six prisoners, includ- | poth men and women, fo. use the new|' ing four officers, were taken in the|joan as an investment f their weekly | Soft of the operations in. this aren, savings. Eg Conscripts of 17 Summoned, as Well as Those Hitherto Exempted seine Owing to Physical Unfitness. ~~. » . A despatch from London says :-- British official communication is- on Thursday night says: "A er of minor enteprises were un- carried an cnemy trench on a front of three-quarters of a mile, and es- tablished our position, counter-attack this afternoon wag caught in the open by our artillery,