CONVOY ATTACKED
ENEMY CRUISER DAMAGED LONDON, Feb IS Enemy m.val and air forces attacked a British convoy in the Mediterranean and one of our cruisers received superficial damage. Two merchant ships were hit and had to be sunk when towing proved impracticable. A subniarine scored two hits with torpedoes on an enemy cruiser and a destroyer. Five enemy aircraft were shot down and four others probably destroyed.
OIL SHARES SLUMP (Rerd. 1.50 a.m.) LONDON, Feb. IS The value of leading oil shares fell by over £'10,000.000 to-day. Burma's slump alone accounted for £4.000 000. The news from Rangoon depressed the market. Even Indian gold shares and Ceylon tea were marked down.
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Bibliographic details
New Zealand Herald, Volume 79, Issue 24203, 19 February 1942, Page 8
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111CONVOY ATTACKED New Zealand Herald, Volume 79, Issue 24203, 19 February 1942, Page 8
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