The Archive · 1940

Turkestan Leader's Appeal

A similar attitude was adopted by Mustafa Chokay Colt, onetime President of the National Government of Turkestan, who proclaimed: "The war today is being fought out by the powers who stand for defence of liberty and right against those who stand for the subjugation of the weak. by the strong."

Two years ago, Ukrainian, Georgian and Azerbaijanian refugees joined in a common effort with emigres from Turkestan and issued a periodical under the name of "Prometheus," the legendary Greek figure who stood for the word, "afterthought In this magazine, the refugees sought to present and defend before Western eyes the rights of their peoples under the oppressive rule of Moscow. Principal founders of the magazine were the former Ministers of the various Governments founded in 1917 and 1918 sity.

It private sales continue at the) Cathedral officiating. The there may be no just a litre over one year old fen the British authorities obvi radi

ously desire to obtain the best prices possible and will not operate so as to weaken the American mars particular reaction. the list of requisitioned securities omits the recognized market leaders, such as United States Steel and Chrysler Motors, is believed in well-unformed Stock Exchange quarters to be due to the Treasury's desire to deal only with established ins vestment counters, rather than speculative and—semi-speculative shares.

Though it is still early to discuss the full implications of the move, stockbrokers and bankers report they are mainly concerned at present with the problem of reinvestment of clients' funds, released by the requisitioning. "This presents an interesting problem on which many different views are held.

Some quarters suggest immediate reinvestment in Government securities, which are expected to rise further before the issue of a long-term war loan, others saying leading British industrials are preferable. But all agree that the British security markets must eventually benefit substantially.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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