NEXT MOVE FOR PEACE

Northern Advocate, 28 October 1935, Page 5

NEXT MOVE FOR PEACE

SANCTIONS TOMORROW

FINANCIAL MEASURES BRITISH ORDER-IN-COUNCIL IMPORT AND EXPORT PROHIBITIONS. lUnited Press Association.-By Electric Telegtaph.—Copyright.l (Received 10 a.m.) ( LONDON, October 26. A Treasury Order fixes October 29 as the date for the commencement of financial sanctions against Italy. It is' expected that other world financial centres will adopt the same date, thus enabling the maxium. collective action to be taken. An Order-in-Council has beep published, prohibiting the export of arms and war material to Italy, also the import of Italian goods,’ after such date as the Board of Trade may determine. - Contravention of the financial sanctions will be punishable by imprisonment for a term not exceeding two years, and a fine not exceeding £IOO. In the case of companies, officials who approve or facilitate contravention will be liable to punishment. Exporters who contravene the export sanctions will be liable to a Custom’s penalty of treble the value of goods, or a fine of £IOO. A message from Paris says the French Government had notified the League of its readiness to apply sanctions against Italian exports of raw materials, similar to those imposed by Britain, but she requires a few additional days to take the necessary steps. THE PROCLAMATION THE ARTICLES AFFECTED IBritish Official Wireless. 3 (Received 12.30 p.m.) RUGBY, October 27. A special supplement to the London “Gazette,” which was published today, contains an Order-in-Council issued under the Treaty of Peace Act, 1919. It provides for the application of certain sanctions against Italy throughout Great Britain and all the British Colonies, except those administered by the Government of a Dominion, all British protectorates, and all territories in respect of which a mandate on behalf of the League of Nations has been accepted by the British Government. The order is dated October 25, and provides that “on or after that date no goods, as described in part one of the schedule shall be exported to Italian territory, and that, on and after such a date as the Board of Trade may appoint, no goods as described in Part 2 of the schedule shall be exported.” Part one contains a list of arms and munitions of war approved at Geneva, and Part 2 contains a list of certain key products. The Order-in-Council further provides that, ‘on and after such date as the Board of Trade may appoint, no goods, consigned from, or grown, produced or manufactured in Italian territory, shall be imported into the i United Kingdom, except gold and silver bullion or coin.” It is further provided that, “on any such date as the Treasury may appoint, no person shall, firstly, make, contribute, or participate in, or assist in making, or issue by loan to, or on behalf of, the Government of any Italian territory, or of any person not being a body corporate, of whatever nationality, resident in any such territory, or of any person wherever resident, being a body corporate incorporated under the law of any such territory; secondly, that no such person shall offer for subscription, underwrite, or otherwise assist in, the issue of any shares wherever issued, or to be issued, in any such body corporate.” The dates to be appointed by the Board of Trade for putting these economic sanctions into operation will accord with the decisions reached at Geneva.