1941-06-16 — Page 2

THE CHINA MAIL, JUNE 16, 1941.

U.S. DECLARATION OF ECONOMIC WAR ON AXIS

INTRICATE

MUSSOLINI HITLER TO

NAZI SYSTEM PUT ON

SMASHED

(SPECIAL TO "CHINA MAIL")

LONDON

ALL THE

SUNDAY NEWS- PAPERS SPLASHED, ON THEIR FRONT PAGES UNDER HUGE HEADLINES PRESI- DENT ROOSEVELT'S FREEZING OF AXIS FUNDS IN THE UNITED STATES.

declared:

The "Sunday Despatch" "America has struck a new blow at Hitler,“ while the "Sunday Express" called the Pre- sident's action "an order that may be the prelude to war."

The freezing of Axis assets in the United States may be partly aim- ed at the operations of the intricate system established after the first World War by which Germany has held a grip on certain United States industries and has reap-

AMERICAN

Cabluri GUNBOAT'S

ESCAPE

ed rich profits, according The offices of Colonel

to officials of the Depart-William Mayer, Military

Omcials said the President's drastic order has placed United

*at States finally

Large Sum Cut Off

war bombs landed about 75

A SHOW

ANSWER. TO ROOSEVELT

Besides at once adopting "effective"

measures

retaliatory summon

Hitler will shortly a European Coun- cil on the lines of the Allied Council held at St. James's, according to re- ports being put out by German sources, it was learned in Ankara yes- terday.

against America, the Government Italian

has ordered an imme- diate census of all Unit- ed States property in to Italy, according Rome Radio's Italian broadcast.

This is

evidently response

All Tri-Partite Part signatories, as well as representatives of mem

Mussolini's will be present pied-countries, Soviet Russia will also attend, it I was stated, and State invitations sent to Spain, Sweden are to be and Turkey.

Thus the remaining European

outside

Italian Hitler's "New countries Order" are to be roped in

The objects of the Council are to make social, politicial and eco- nomic arrangements for

a "New Order" in Europe."- Reuter.

to President Roose- velt's action in freez- ing all German and assets in the United States.--Reu-

ter.

LONDON WELCOME

FOR

U.S.A.

BEAUFORT

ATTACKS CONVOY

were

While the Royal Air Force

striking several telling blows against German inland and shipping targets by day and night, there was little enemy activity over Britain during the week- end.

Following the destruction of

raiders seven Nazi

in scattered

attacks on

Britain Friday night, was almost raid-free on Saturday night and again yesterday when a single enemy 'plane dropped bombs on the coast of East Anglia. The bombs did some damage but none was injured, says the Air Ministry.

An R.A.F. Beaufort. torpedo- carrying aircraft attacked an enemy

Dutch the convoy off

A coast on Sunday afternoon. supply ship of about 6,000 tons was hit by a torpedo and pro- bably sunk.

One British 'plane is missing.— Reuter.

MOVE Another

Tokyo Bluft?

ment of Justice in Wash-Attache of the American THE STEP TAKEN by the U.S. Govern- ington.

Embassy in Chungking; ment in freezing assets of Germany and Italy the were bombed and several in the U.S.A. is regarded in authoritative economically" with the Axis. yards from the American circles in London as a very welcome indica- gunboat Tutuilla, lying off tion of fresh preparedness on the part of the By including German-owned the American Embassy, Administration. patents and Nazi-controlled 101- during a raid on Chung- ternational patent agreements in

early the multitude of financial instru-king

yesterday mjent henceforth to be rigidly afternoon by 27 bombers. controlled, the President has cut off from Germany an estimated The gunboat was not damaged.

on the Yangise annual harvest of $15,000 (90 derived from royalties and divi-River front, many falling in

river and on the south bank close to the American Embassy.

dends.

Bombs rained

the

a

President Roosevelt's order, which will involve assets estimated at nearly £100,000, 000, will have the effect of depriving Ger- many and Italy of access to free exchange.

The opinion is expressed this Second, to prevent liquidation

will directly deprive them of means whereby they can pay for sabotage and espionage un- dermining the security of the western hemisphere.

Some units of a strong. Japanese naval force, consisting of over 100

reported to, warships, have concentrated off the Chekiang. coast,, aro› [stated to be steaming -

southwards.

in the U.S.A. of assets looted by He has also deprived the Reich

The International Club received

It is suggested in Chungking, duress and conquest; for the first time in 23 years of

a direct hit and half the building

Third, to help curb subversive that the warships' presence may strategically important royalty

mean some

move by major activities in the U.S.A.

Provision is made to exempt, Japan shortly in the southern reports issued under the foreign was demolished. One bomb hit patents pool agreements with Ger- block of residences for the poor, built recently with American Red man industrial interests, by which Cross funds at the cost of $200,000. the

It is also regarded as having through the medium of general Pacific.

effect to some extent of licences, Finland, Portugal, Spain, The eet included cu users and the Nazi High Command has Several foreign residences on preventing them in future financ- Sweden, Russia and Switzerland. aircraft-carriers, been able to keep a continuous the south bank of the Yangtseing their purchases all over the Exemption will be conditional One possibility is that Japan check upon confidential develop-

were bombed. Large fres

were world, particularly in Russia and on receipt of adequate assurances may make a strong display of ments and production in United

from the Governments of these force with the object of frighten- President Roosevelt's order, countries that the general ing the Netherlands East Indies which has been taken in view licences will not be used by, into making important

in of the unlimited national emer-them or their nationals to evade, sions connection with the... gency recently declared by, the the purposes of the order. economic negotiations now pro- President, is a logical conse- British Wireless.

ceeding in Batavia-Reuter. quence of the earlier decision to freeze U.S. assets in some oc- cupied countries. Earlier orders affected assets to 14 countries, the estimated total value being about £1,125,000,000.

States war industries. Interna-started on the main road along the Japan.

river front.-Reuter.

tional News Service.

ACADEMIC ACTION

ITALY'S RETALIATORY AC- TION IN FREEZING AMERICAN ASSETS IN ITALY, HAD BEEN FULLY ANTICIPATED.

A

CASTLE PEAK ROAD ACCIDENT

a

Apparently having lost control of the bicycle she was riding. No official comment has been 23-year-old Chinese girl swerved made

in Washington but it is and crashed into a car driven by (generally considered that Rome's Mrs. F. Hollands, of No. 64, Moun- action is largely academic since tain Parish, near the Laichikok the existing Italian currency re- Prison. Castle Peak Road, yester- gulations already prevent Amer-day afternoon. Icans from withdrawing Invest-

Majn, Purposes

Countries

covered by

the extension of the order to all occupied countries are Albania, Austria, Czechoslovia, Danzig and Poland. Main purposes of the new With the assistance of Mr. D. order may be summarised as:

First, to prevent the use of The same applies to Germany. Taylor Mrs. Hollands conveyed American assets in Italy are the injured woman to the Kowloon financial facilities in the U.S.A. estimated at $142,000,000 and Hospital, where her condition this in ways harmful to national de- those in Germany at $427,000,- |morning was stated to have im- fence and other Administration

*Reuter.

ments from. Italy ...

000.

proved.

DANCE IN THE OPEN--

interests;

TO FRED CARPIO'S POPULAR SWING ORCHESTRA

FINE LIQUORS

NORTH POINT

The Ritz

GOOD FOOD

TEL 84196;

conces-

EX-BANK CLERK IN AIR THRILLS

A young ex-bank clerk from New Zea. land now serving as a sergeant pilot in famous fighter squadron in the Western Desert is in hospital after a series of specta- cular escapes in the past two weeks.

•

"In the first. I found myself on the landing ground with my air- craft destroyed," he said. "Ger- mans armed with Tommy-gung were only half a mile away.

"I was got out of that by squeez- ing into the cockpit of a Hurri- cane with another pilot who flew me 300 miles to safety; w

"A day or two after my return I was ground straffing an enemy landing ground, and had set fire to two German aircraft, when a couple of Breda gun shells hit my, radiator.

craft and I began to lose altitude,

S"The elevator control began to mlábehave and I was skimming along the top of the cliffs trying to shake off the Germans when IBAW the outer defences of

Tobruka

"Just as safety seemed within reach my aircraft flattened out into a dive and burst flames, which were licking round my logs before I could clamber out.

***I thought I was still in enamy territory and dragged myself cave where I lay for houES.. Tumas poured into the cockpit party of English troops Aut". and two ME108's were hot on, my skirmish took me into pol tail. One got a burat Into my air-- British Wireless.