ECONOMIC ACTION

Wairarapa Times-Age, 24 June 1941, Page 6

ECONOMIC ACTION

IN SUPPORT OF RUSSIA PROBABLE U.S.A. POLICY. RUSSIAN ENTRY WELCOMED BY AMERICANS. (Received This Day, 12.20 p.m.) LONDON. June 23. Diplomatic quarters in Washington envisage the establishment of close economic co-operation between Britain, America and Russia, with the United States adopting a more liberal policy over the export of war materials to Russia. ’lt is believed the Administration will begin releasing almost immediately frozen Russian credits and assets in the United States. Americans regard the bringing of Russia into the war with satisfaction, many simply because they hope that Russia and Britain may now finish off Germany without direct intervention by the United States. Mr Churchill’s statement that he has been a lifelong opponent of Communism is considered to be an expression of good faith, giving point to his words that assistance to Russia will fall into the category of assistance to any nation, democracy or not. that fights Hitler. This is expected to sway public opinion in the United States, where dislike and fear of the Comintern will die hard. The “New York Daily News” says: “It will take a lot of selling to sell a majority of the proposition that we should line up with the Soviet to lick Hitler.”