1939-11-03 — Page 8

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GERMANY'S LOSS OF HER MERCANTILE NAVY AND TRADE

London, To-day.

GERMANY HAD BUILT in the 20 years before the outbreak of hostilities, a large mercantile mar- ine which has commanded admiration through- out the world.

Now Germany has lost a large part of that fine com- mercial fleet and what remains is powerless to carry on maritime trade, which had been created. men have fallen prizes to the Allied HITLER LEARNS Navies, two of these having been captured by the French Navy.

Already. 13. fine German merchant-

A further eight vessels scuttled themselves to avoid capture.

There are reports that German merchant-men, which had taken shel- ter in neutral ports, were trying to make their way home..

This will lengthen the list of captures though some are using the northern fogs, and neu- waters, and may and

tral territorial

slip through the blockade regain home ports.

LACK OF CURRENCY Another factor which is whitting away the German Navy is the lack of currency which has forced German ships in shelter in neutral ports to sell part of their cargoes to defray harbour dues.

The cargoes, however, cannot last for ever and once they are exhausted German ships will be forced either to submit to seizure or to try and run the gauntlet of Allied ships. Reu- ter.

U.S. TREASURY TO BORROW LARGELY

Washington, To-day. The United States Treasury is to raise £155,000,000 of new money be- fore July, according to a statement by Mr. Henry Morgenthau, Secretary of the Treasury. Reuter.

ROM THE OLD HOT

WHAT ITALY

IS THINKING

London, To-day..

The Paris wireless states that Hitier received Dr. von Mackensen, Nazi Ambassador to Rome, on Thurs- day,

He remained with Der Fuehrer for a long time.

Afterwards, Hitler saw the chiefs

- Reuter. of the army and air force.

GREECE AND ITALY

Athens, To-day. Greece and Italy have exchanged notes with a view to strengthening the friendly relations between them.

The Greek Note refers to the at- mosphere of cordiality between the two countries and hopes that they will shortly be able to give more definite form to their relations with, in time, collaboration in all flelds.

The Italian Note gives similar ex- pression to its friendship and hopes to strengthen relations shortly.→ Reuter.

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SA REALISTICA.RİP. DEMONSTRATION-Islington"ARP.-held" a realistio demonstration-which was attended by Admiral Sle-Edward, Maen {Evans.of.the./Broke"); when he paid one of his many surprise visits to

8le Edward„le one of London's two alvil derei dmiral Sir Edward Evana interested in the

attending one of the "injured” after the mook

apti

AUH-1

Mai