DEFENCE INDUSTRIES.
AMERICAN INVESTIGATION. WASHINGTON, Oct. 7. The Senate has voted in favour of an investigation into tlio degree of foreign interest in the American defence industries. The action is linked with a recent report showing substantial foreign holdings in several vital industries and als.o investigations showing the existence of foreign patents either restricting or increasing the cost of rearmament. The resolution authorises the Senate Interstate Commerce Committee, in co-operation with the Justice Department, to investigate the stock holdings of American corporations essential to defence.
The Senate has unanimously passed and sent to the House of Representatives a Bill giving the Secretary of State power to withhold payment of the 2,600,000,000 dollars of foreign gold and cash deposited in the United States before European nations had been conquered. The Bill permits the hanks to turn over the money; only' to the representatives of a foreign Government recognised by the United States. ■
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Manawatu Standard, Volume LX, Issue 267, 9 October 1940, Page 7
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151DEFENCE INDUSTRIES. Manawatu Standard, Volume LX, Issue 267, 9 October 1940, Page 7
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