EMPIRE FAMILY
DIVISION OP ASSETS
MR. MORGENTHAU EXPLAINS
WASHINGTON, January 16
The Secretary of the Treasury, Mr. H. Morgenthau, explained that the statement to Congress which he made showing Britain's dollar holdings did not contain values for Canadian and other Empire investments in the United States which were not available to London. He declined to estimate the value of the additional assets.
"The British Empire is a family and has the same problems as a human family," he said. "Because some members may have some assets it does not mean necessarily, that they belong to the rest of the family."
Asked whether England should not be forced to go to the rest of the Empire for aid before asking America, Mr. Morgenthau said: "All I can say is that I favour the Aid to Britain Bill."
He added that the figures included all Empire gold production except Canada's, which was kept for Canada's needs.
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Bibliographic details
Evening Post, Volume CXXXI, Issue 15, 18 January 1941, Page 9
Word Count
154EMPIRE FAMILY Evening Post, Volume CXXXI, Issue 15, 18 January 1941, Page 9
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