OIL EXPORTS EMBARGO

Dominion, Volume 14, Issue 121, 15 February 1921, Page 5

OIL EXPORTS EMBARGO

RECOMMENDED BT MR. DANIELS

RETALIATION AGAINST ALLIES

JBy Telegraph-Press Ainoclation-Oopyrlglil (Rec. February 14, 8.30 p.m.) New York, February 13.

The New York “Times” Washington correspondent states that Mr. Daniels, in a letter to the Senate Naval Committee, recommended that the President should ba given far-reaching authority to lay an embargo on all oil. exports, whenever if was believed the conditions warranted that action. The correspondent adds: “.Mr. Daniels's recommendations have a particular retaliatory character, since the British mandate over .Mesopotamia restricts the exploitation of oil and ihe other resources to nationals whose Governments are members of the League of Nations. The letter indicates inferentially that the Administration favours retaliation against the Allies, who apparently refuse to permit the United States to share in the commercial development of former enemy’ territory now held under mandate. It is also felt that this attitude has an indirect bearing on the action of the Allied Powers in giving Japan complete possession of Yap. Mr. Daniels pointed out that although tho U’nited States produces 50 per cent, of the world’s oil supply, yet they must import to meet home consumption.”— Aus.-N.Z. Cable Assn.