1941-02-26 — Page 3

DONALD DUCK

HANO ONE

OH, DONALD.

DON'T! PLEASE!

DID

HO

Welt Bits Bessed

GRIN AND BEAR IT

By Lichty

SAVER

1-27

"You needn't worry about getting honest weight--he has his thumb stamped by the city weight inspector every month!"

Wednesday,

WEEEES

HONGKONG TELEGRAPH

THRILL

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A LITTLE THRILL WON'T HURTY'}

WATCH THIS}

OH,

DEAR

DIP. 300

February 26, Urary; Supreme

By Walt Disney

STRUGGLE FOR OIL

By Morgan M. Beatty

WASHINGTON.

wwwww

The

major key to the next phase of the European war may be a three-letter word. It's "O-I-L!”

Whether the Axis pow- ers concentrate on the British Isles, or Gibraltar or Suez, or all three, the long range planning be- hind their military and diplomatic

HUNGARI

manoeuvres

and German high com- mands at Innsbruck, Aus- tria, a revival of the often Gibraltar. For that way discussed threat against

also leads to precious oil -the oil of the Western Hemisphere.

Why the push for oil?

Most military experts and economists agree that it takes about 200,000,000 to 300,000,- 000 barrels of oil a year to run the Axis war against the

affairs in this country, Russia would object to the presence in Iran or Iraq of sizenble German forces.

It is an open secret that the Russians have been extremely jealous of their great oil re-

sources.

The Russians well remember the British attempt after the World War to move into Baku, the heart of the Russian oil fields. A gesture from the Russian army put a stop to thut.

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RUSSIA owns the best oil fields within striking distance of the Axis powers. thrust at British-owned fields in Iran and Iraq, observers say, would be 'objected to by Russia

because of foar tho Naxis wouldn't stop there.

may be forced upon them by the coming thirst of their industrial and war machines for the stuff that turns the wheels of modern nations petro- leum.

That's the view of some Washington economists, who suspect that the Axis' problem at this time is oil Not rather than food.

that it's giving out any time. soon. But it must look ahead, now that it's failed to make quick work of Britain.

For instance, the econo- mists suspect recent Ger- man-Russian negotiations were concerned, not with a new or intensified part- nership, but with a Ger- man scheme to syphon oil from the Near East, or even Russia herself.

statis- Similarly, the ticians also see in the mili- tary meeting of the Italian

British. But assuming both Italy and Germany have built up reasonable reserves, they cannot hope to replenish their supplies from the lone big oil field in their possession-the Rumanian. At best this area. could give them only 60,000,- 000 barrels a year.

Maybe they can squeeze out another 15 million barrels from shale and: coal. But that's much less than half enough oil for a year of Axis warfare.

The nearest additional oil for the Axis is in the Near East. The British fields in Iraq and Iran produce close to 100,000,000 barrels year draft. And under forced that's just about what Ger-- many and Italy need in addi- tion to what they have.

Hence the attempted drive through Greece. That could open up the castern end of the Mediterranean.

Next best would be to per- sunde Turkey to join the Axis, and get permission to go through that country, and thus reach precious oil.

In the view of a well in- formed expert on Russian

•

If they should let the Ger- mans through, could they ex- pect Hitler to be as easy to oust in case of victory against the British, ns were the Bri tish themselves after the World War? Hardly possible. Opinion here is that the Rus- sians would not allow any power any closer to their oil than the British are in Persio

now,

The next best bet for the Axis would be oil from the Western Hemisphere, if not from the United States, from the Latin American produ- cers, such as Mexico and Vene- zuela. That entailų un attack' on Gibraltar to open the way for Axis ship, or route through North Africa.

F

+

Standing in the way, in either event, is the United States, and the 21 American republics, sympathetic to the British, and capable of inten- sifying their aid to the British Empire.

All of this adds up to the fact that mighty Russia and the mighty United States, both now at least non-belligerent, stand in the way of lubrica. tion and power for the Axis war machine.

But the Axis must sooner or Inter seck oll in one direction, or the other. Which way will it turn?

Make a

Good Resolution

The SIMPLEST and SPEEDIEST way YOU can help WIN THE WAR is to give regular CASH DONATIONS to the Government,

Can You Afford

Can You Afford Can You Afford

NO SUM TOO LARGE.

$100 per month ?. $10. per month? $1

per month?

NO SUM TOO SMALL. Fill in the form below and HELP WIN THE WAR.

Donations to 25.2.41: $1,585,078.60. Ramitted to London: £98,389.19.64.

Hongkong, February

1941.

The Manager,

Sir,

Bank,

Hongkong.

Commencing 1st March, 1941, and until further notice, please transfer, the sum of $......... Monthly to "War Fund, South China Morning Post Ltd." and debit my current account.

Yours faithfully,

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