For the present the enterprise has taken the form of a loose syndicate constituted for three years, which is, later on, to be replaced by a more systematic form of organisation. The annual subscription payable by the firms which are members amounts to a minimum of £50. It is a significant fact that the Imperial Foreign Office has voted a grant of £12,500 towards the expenses of the syndicate, provided the same amount is contributed by German industrial houses. As the subscriptions and the contributions by the latter already exceed the sum of £12,500, the contribution from the Foreign Office funds seems secured. As every firm subscribing a sum of £50 has a vote, or, rather, as for every £50 subscribed the subscriber receives a vote, it may be expected that the Imperial Foreign Office will have a powerful and decisive influence upon the management of the syndicate generally and upon the development of the news service in particular. We further learn that efforts are now being made to induce the joint German and Foreign Economic Societies to join the syndicate, as these societies embrace pre-eminently merchants and manufacturers interested in the German foreign trade. These societies, it is true, appear to be still divided in their opinion concerning the new enterprise--at least, so far no definite decision has been arrived at. It is believed that an increasing membership will make it possible to establish a reserve fund out of subscriptions and voluntary contributions received, so that, later on, the interest of the reserve fund may suffice to defray the expenses of the news service. It is also hoped that the foreign Press may eventually be induced to pay for the news supplied. Finally, it is intended to send journalists to the various countries who are there to busy themselves in favour of German interests in the manner indicated above.