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ITALY NOT LETTING UP.

WHAT OF THE EMBARGO? AMERICA HOLDS TRUMPS. (Received 1.30 p.m.) United Press Assn.—By Electric Telegraph—Coy »y right. LONDON, February 6. The Times’ Rome correspondent says that the meeting of the Fascist Grand Council has given a rude shock to the theory that Mussolini will postpone further successes in the field and declare thac- Italian military honour has been satisfied and agree to negotiate. Apparently Italy has resolved to continue the war until it has achieved more substantial triumphs. There is still no means of knowing what are the Italians’ objectives, but Mussolini’s disposition to negotiate might sensibly be affected in the production of fresh factors in the political situation. Many well-informed quarters, however, do not consider that Italy will reply to the sanctions with military measures as economic- counter-mea-sures are more probable. SUCCESS OF AN EMBARGO? The Times’ Geneva correspondent says that doubt is growing., and while an oil embargo will be attempted no- great insight is needed to realise that even if the member states enforced it and non-members restricted their exports to Italy to normal, there would he little chance of success if any important outside source remains, and if. the United States refuses to restrict their oil exports to normal, there is little chance of env embargo being effected. IT DEPENDS ON U.S.A. The Daily Express’ Geneva correspondent says that. America will be sounded regarding this matter. If she agrees to a curtailment of exports. the Le ague committee wi 11 advise that sanctions can he effective, but if she declines the idea will he abandoned. MADE IN GERMANY AGAIN. The Manchester Guardian’s London City correspondent says that Italy is seeking to circumvent other sanctions by purchases from Germany, from which she ordered spades, trenching tools and agricultural implements to tbe vaLue of £IOO,OOO. Germany lias also undertaken to supply 350.000 pairs of military boots the price of which is payable in one quarter in Italian lire, and the rest in barter. The Italians are stressing the possibility at an extension of trade \vith Germany as a. substitute for that cf the sanction ist countries. The Germans, however, are more reticent and are obviously fearful lest they will not obtain payment and special measures are being taken to protect their exports against currency depreciation.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/PAHH19360207.2.42

Bibliographic details

Pahiatua Herald, Volume XLIII, Issue 13176, 7 February 1936, Page 6

Word Count
381

ITALY NOT LETTING UP. Pahiatua Herald, Volume XLIII, Issue 13176, 7 February 1936, Page 6

ITALY NOT LETTING UP. Pahiatua Herald, Volume XLIII, Issue 13176, 7 February 1936, Page 6