ECONOMIC WARFARE.

Manawatu Standard, Volume LXI, Issue 207, 2 August 1941, Page 7

ECONOMIC WARFARE.

ANGLO-AMERICAN ACTION. (9.30 a.m.) WASHINGTON. July 31. president Roosevelt has set up an Economic Defence Board, headed by the- Vice-President (Mr Wallace) to direct economic defence activities. This move is regarded as a step to tighten up the economic war against the Axis. It is believed that the board will maintain contact with the British Ministry of Economic Warfare. The members include: The Secretary* of State. Mr Hull; the Secretary of the Treasury. Mr Morgenthau ; the Secretary of War, Mr Stimson; the Secretary of the Navy. Colonel Knox ; the Secretary of Agriculture, Mr \Vickard ; the Secretary of Commerce, Mr Jones; and Mr Eraneis Biddlc. The board will advise the President on measures to be taken to co-ordinate the policies and actions of various departments and agencies a.nd develop integrated economic defence plans and ensure the execution of them. The Senate has approved the appointment of Senator T. T. Connally (Democrat, Texas) to be chairman of its Foreign Relations Committee in j succession to Senator W. E. George (Democrat, Georgia), who becomes chairman of the Emaiiee Committee, j President Roosevelt has nominated' Mr Lincoln MaeVcagh, former Envoy Extraordinary and Minister Plenipotentiary to Greece, to be United j States "Minister to Iceland. | Authoritative diplomatic sources in i Buenos Aires said to-day that, owing to legal difficulties, Argentina intends! to withhold support lor the United States black list, thus creating an awkward hole in the economic dam which Washington is striving to erect to prevent the flow of money and materials to the Axis. The Associated Press says there are more of tho listed firms in Argentina than in any other part of America. WIDE SCOPE. A British Official Wireless message says the establishment of the United States Economic Defence Board is warmly, welcomed by economic warfare authorities in London, who point out

that American help for th<? Allies now i leads over the whole field of economic wiuiare against the Axis. The object of economic defence was originally to conserve supplies of important war materials needed for American armament, bat it now includes export control designed to prevent those mater-1 ials from reaching the Axis Powers. I Other steps are: First, the freezing of i assets of Continental Europeans, .Jap-

aneee and Chinese; second, the publication of a black list of Latin-Ame-rican nationals trading; with Axis in- ' terests: and, third, control of shipping, designed to acquire ships for the United States and deny them to Axis traders. The importance of these measures is shown by the composition of : the hoard appointed to supervise them, I which includes the most prominent I members of the United .States Cabinet.

SUPPLIES FOR BRITAIN. (Rec. 11.45 a.m.) RUGBY. Aug. 1. Mr Harrhnfin, who arrived in England on March l."> as President Roosevelt's special defence export in connection with the delivery of lease or lend supplies, has left on «. short visit to the United States. Mr Harriman returned a fortnight ago From a six weeks' visit to the Middle East, but this is his first visit to the United States since his original arrival in England. Official Wireless I