KEY PRODUCTS

Southland Times, Issue 22733, 8 November 1935, Page 7

KEY PRODUCTS

BAN ON SPECULATION ACTION BY GERMAN GOVERNMENT IMPORTANT MOVE (United Press Assn.—Telegraph Copyright.) (Rec. 10.45 p.m.) Geneva, November 6. The League Secretariat has issued a communique stating: “The Committee of Eighteen is informed that the German Government, learning that speculators are purchasing goods in Germany with a view to exporting them to the belligerents at a large profit, proposes to issue a decree preventing such speculation.” The British United Press correspondent says that delegates regard the German communication as most important, suggesting that it exceeds the official version and indicates Germany’s intention to place an embargo not only on war materials, but also on products designated by the League as key products. The Committee passed a resolution “to make the ban on key exports effective.” The governments of the member states will control the destination of prohibited exports. The states not immediately restricting these will review,, the volume and direction of exports and in the event of an abnormal increase they will take action to prevent supplies reaching Italy or her possessions by indirect routes. LEAGUE’S ACTIVITIES REPORTS OF COMMITTEES. CO-ORDINATION OF SANCTIONS. (British Official Wireless.) Rugby, November 6. Lord Stanhope, Under-Secretary for Foreign Affairs, represented Britain on the Committee of Eighteen at Geneva when it received reports from several sub-committees which it approved. The committee also established a vigilance committee composed of representatives of Britain, France, Russia, Spain, Poland, Rumania, Greece, Yugoslavia and Sweden to observe the application of sanctions by the League Powers and receive reports. One decision reached to-day exempts newspapers, books, periodicals, maps and printed music from the general prohibition of Italian goods, which the League states will be enforced after November 18. The Economic Sub-Committee engaged in the co-ordination of sanctions against Italy at Geneva yesterday adopted the text of the resolution proposed by the Canadian delegation for extending the list of commodities subject to the embargo. The resolution states: “It is expedient that the measure of embargo provided in proposal 4 should be extended to the following articles as soon as the conditions necessary to render this extension effective have been realized: Petroleum and its derivatives, by-pro-ducts and residues; pig-iron, iron and steel, including alloy of steel; coal, including anthracite and lignite, coke and their agglomerates, as well as fuels derived therefrom.” If the replies received by the committee to this proposal and the information at its disposal warrant it. the Committee of Eighteen will propose to the governments the date for bringing these measures into force. ITALIAN BOYCOTT “SANCTIONIST” GOODS. (United Press Assn.—Telegraph Copyright.) (Rec. 11.55 p.m.) London, November 7. The Rome correspondent of the Daily Telegraph says that the campaign for the boycott of “sanctionist” goods continues throughout Italy. The Tribuna especially urges Italians to cease tea drinking, saying: “The English grow tea; let them drink.it.” University students traversed Venice obliterating all shop signs and notices in the language of sanctionist countries. IRELAND AND SANCTIONS APPLICATION AUTHORIZED. (United Press Assn.—Telegraph Copyright.) (Rec. 11.55 p.m.) Dublin, November 7. The Dail passed a Bill authorizing sanctions against Italy. Mr de Valera declared that the Government had no choice but to honour its international obligations.