5 FEBRUARY 1916, Page 2

The Dentsches Journal of New York has published some important

opinions of the German Chancellor on the war which have been communicated to it. The Chancellor said that Britain was the one obstacle to peace. She hoped to starve Germany, who, however, would meet her on the economic battlefield. There had been no official peace overtures or negotiations as yet. There had been unofficial conversations by persons who were without official standing, but were financiers of high international repute. The conversations had taken place in Switzerland and Sweden. The impression of those who had joined in them was that Britain was compelling her allies to remain at war. Britain, having failed in the field, hoped, in fact, to starve Germany. The war would therefore probably list long, and Germans must make their preparations accordingly. Germany might improve her new frontiers a little, but no more great battles were probable—" unless a campaign be embarked upon that will strike a vital blow at England."