IN AMERICA

Hokitika Guardian, 7 December 1940, Page 5

IN AMERICA

FINANCIAL AID.

NEGOTIATIONS WITH BRITAIN.

(United Press Association —By Electric Telegraph-Copyright)

WASHINGTON, Dec. 5.

Sir F. Phillips has arrived from England by the Clipper. He said his mission was to straighten, out a techncal difficulty in connection with Britain’s dollar reserve. He declined to comment whether he intends to Seek credits. He asserted that Britain’s financial position had never been stronger. The war was costing about 45,000,000 dollars daily, which Britain was able to standi

British quarters are much heartened by the latest developments regarding further American aid for Britain.

Mr Morganthau .said he agreed witli Mr Jesse Jones that the British Government was a good loan risk, but he declined to say whether a loan to Britain was actually contemplated. He said he would confer with Sir F. Phillips to-morrow.

Speaking in Congress, Mr Taft said he was open-mined on financial aid to Britain, but it was nonsense to call Britain a good risk. “If we are going to do anything, better give than lend. Ultimately, -we may have to lend to Britain, but to lend immediately to Canada is desirable first.”

FURTHER SUPPORT.

WASHINGTON, Dec. 5

The United States has formally released twenty Boering planes whicn will be available for Britain when the Norden bomb-sight has replaced the Prosperry one on them. One of the 26 Consolidated planes has already been delivered. The remainder will be delivered by March. / NEW YORK, Dec. 5.

The “Herald-Tribune’s” Washington correspondent says:—A British shipping mission is completing contracts to build shipyards on the East and West Coasts of the United States, and there to assemble pre-fabricated freighters on a mass-production basis. These contracts are the result of two months of negotiations

U.S.A. AIRCRAFT INDUSTRY.

NEW YORK, Dec. 5: Aircraft manufacturers spent 83,356 thousand dollars on plant and expansion for defence production in 1940, and let contracts for an additional 232,188 thousand dollars^f by next June. Employment increased from sixty thousand workers in January to 164,920 at present. It will be 382,000 workers by June next. WASHINGTON, Dec. 5.

Several score of surplus four-inch and seven-inch Navy guns are being made available to Canada for the fortification of Nova Scotia.

GREAT LAKES POWER PROJECT.

DETROIT, Dec. 5. President Roosevelt announced by letter, that he was pressing the new Congress for the immediate construction. of a Great Lakes-St. Lawrence seaway power project, which would be comparable in economic value to the Panama Oanal, and a vital necessity for national defence. U.S.A. PROTEST (Received this day at 10.43 a.m.) WASHINGTON, December 6. The State Department announced that appropriate steps were taken by members of the American Embassy at Paris following the imprisonment of Mrs Elizabeth Deegan, who was employed as a clerk at the American Embassy. : Mrs Deegan was invited by German civilians, who are believed to have been members of the Gestapo, to visit English prisoners, and she has not returned since. A BALANCE' SHEET (Received this day at 10.43 a.m.). WASHINGTON, December 6. Sir Frederick Phillips has announced he is preparing a balance sheet of Britain’s finances for Mr Morgenthau.