The company intends to make a similar arrangement with Reuter's Telegraphic Bureau for those foreign countries in which Reuter controls telegraphic communications. If Reuter declines, the _Deutsche Kabelgesellschaft_, a smaller German news agency supplying telegrams from certain countries (_e.g._, Mexico) and working in agreement with Wolff's Telegraphic Bureau, is to be financed by the new company to run a service in competition to Reuter's. All the concerns represented at the meeting have furthermore agreed to pay into the company's hotchpot the very vast sums which they are accustomed to spend abroad for their advertisements in foreign papers. The total of this item alone is believed to be not less than £25,000 per annum--so the annual sum available for the purpose of the new company will reach a total of £50,000 to £75,000. The company will in future issue the advertisements of its members only to those foreign papers which publish German information originating exclusively from the new company, which is to be regarded as the only authentic source of information concerning Germany and all things German. This information they are to receive free of cost or at a nominal sum--so that the willing foreign papers will derive very material benefits from their collaboration with the company, viz., lucrative advertisements and free matter written in the language of the country in which the papers are published. The foreign Press is to be watched by the company's agents appointed in the various foreign centres. Any incorrect reports are to be telegraphed home and corrected by telegrams issued by the company. The countries in which the system is to be immediately inaugurated are chiefly the South American States and those of the Far East, but the system is to embrace all countries outside Europe. The German cable rates for Press telegrams are to be reduced in the interests of the new company. It is difficult to say whether the evil which the new company is to remedy really exists, or exists to any perceptible extent, but it is certain that a very influential private company has been called into existence with every official encouragement commanding an enormous revenue for the purposes of a pro-German newspaper propaganda. Whether the evil exists or not--the money will be spent on secret service to popularise Germany abroad. It does not seem to have occurred to the promoters of the scheme that they are preparing the ground for a vast system of international blackmail--hardly a proper way to reach the desired end. * * * * * That a reduction in cable rates was actually in contemplation is seen from the Ambassador's next dispatch on the subject, as follows: Berlin, _April 3rd, 1914_.