30 JANUARY 1915, Page 14

On Thursday it was announced that the Bank of England

has arranged to provide a loan of five millions for the Roumanian Government. All item of news of this kind requires no comment. In war time our purse-strings are not unloosed except for our friends and allies. That Roumania will make good use of the resources placed at her disposal we have no doubt whatever. In the same way we have no doubt that Roumania will move whenever and wherever movement will be most useful. It has always been believed that on Roumanian action would depend the action of other Powers. We have yet to see whether these pre. diction will be verified.