CREDITS FROZEN.
French Investments In The United States. QUESTION Or WAR CONTRACTS (Received noon.) WASHINGTON, June 17. President Roosevelt froze French credits in the United States. The total is estimated at 1,000,000,000 dollars. The order is so broad that it includes bank deposits, gold securities, industrial and real estate investments, and even the liner Normandic, which is berthed at New York. Mr. Henry Morgenthau, Secretary of the Treasury, said that Mr. Arthur Purvis, head of the British Purchasing Commission in the United States, informed him that the British would take over all French war contracts in the United States if the manufacturers agreed. The French contracts are estigi. mated at a total of 600,000,000 dollars. -Tho United States has authorised a>; Planes intended for the Allies to bs t,-. »own across the - American borders.
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Auckland Star, Volume LXXI, Issue 143, 18 June 1940, Page 8
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134CREDITS FROZEN. Auckland Star, Volume LXXI, Issue 143, 18 June 1940, Page 8
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