PRESSURE BEGUN

Taranaki Daily News, 29 October 1935, Page 7

PRESSURE BEGUN

SANCTIONS IMPOSED EARLY PEACE UNLIKELY i . - SPECIAL ORDER ISSUED EMBARGO UPON TRADING FINANCIAL ISOLATION British Wireless. Rugby, Oct. 27. Hopes that have been entertained in some quarters that a settlement of the Italo-Abyssinian dispute might be effected before the measures of pressure upon Italy were put into effect are unlikely to be realised. These hopes were mainly based on the Franco-Italian exchanges, but so far as the nature of any proposals which have been revealed in these exchanges is known in Britain they are not regarded as justifying the League in postponing the date of the application Of economic sanctions, and in responsible quarters In Britain it is felt that the League Powers will have no alternative but to proceed with the measures already agreed upon in principle as offering the best means of hastening a settlement on terms acceptable to Italy, Abyssinia and the League. A special supplement to the London gazette which was published to-day 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 British Colonies, except those administered by the Government of a Dominion, and all British Protectorates and all territories in respect of which a mandate on behalf of the League of Nations has been accepted by His Majesty’s Government in the United Kingdom. NO EXPORTS TO ITALY.

The order |s dated October 25, and it provides that on and after that date no goods of any description set out in part one of the schedule to the order shall be exported to Italian territory from any port or place in the United Kingdom, and that on and after such date as the Board of Trade may appoint no goods of any description set Out in part two of the schedule shall be so exported. Part one contains a detailed list of arms and munitions of war approved at Geneva, and part two 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 6r manufactured in Italian territory shall be imported into the United Kingdom except gold or silver bullion or coin. It further provides that on any such date as the Treasury may appoint no person shall, in the United Kingdom, firstly, make, contribute, participate in or assist in the making or the issue of any loan to or for the benefit of the government of any Italian territory, or any person, not being a body corporate, of whatever nationality, resident in any sucn territory, or any person wherever resident being a body corporate incorporated under the law of any such territory. Secondly, no such person shall offer for subscription, underwrite, or otherwise assist in the issue of or subscribe for any shares wherever issued or to be issued in any such body corporate. The dates to be appointed by the Board of Trade for the putting into operation of these economic sanctions will accord with the decisions reached at Geneva, where the co-ordination committee of the League will meet on October 31.

In regard to financial sanctions, the Treasury to-day made an order appointing October 29 as the date on and after which this article of the Order-in-Coun-cil will have effect.

Mr. R. A. Eden will leave London for Geneva on October 30 to be present at the- meeting of the co-ordination committee of the League, which will be held on the following day to consider the replies of various governments with regard to the putting into execution of the financial and economic sanctions.