Paris, Feb. 27.
Ge technicians and engineers will have to find and exploit the To Be Depreciated London, Feb. 27.
An assurance that currency depreciation would not be resorted to as a means of stimulating export trade by giving has been granted by Soviet' Russia for this purpose.
This region, situated between the Ural mountains end the Volga River, is believed to be rich in oil and German engineers think that they will be able to get 7,000,000 tons out of it. The. Reich will get whatever oil has been pumped out over and above the amount the Russians them-have been getting out of it so House of Commons today, in reply to a question.—Reuter.
Germany's oil situation after six months of war is estimated as follows: at the outbreak of the hostilities, the Reich had 3,000,000 tons in stock. Since then, she imported 50.000 tons from Galicia, while neutral states, Rumania and Soviet Russia sold her 300,000 tons in all. Her own production amounted to 1,975,000 tons. During the six months Germany thus had at her disposal about 5,625,000 tons of oil During six months of warfare, it is estimated that the Reich used up 2,641,000 tons of oil, of which about 1,000,000 tons went for the Polish campaign. Present stocks are thus about the same as they were before New York, Feb. 26.
Trans-Atlantic American Clipper planes will continue to make stopovers at the Bermudas on their re-tum fight from Europe, the Pan-American Airways company announced today. They will not stop at the British islands on the outward trip after March 15 because weather conditions are such as to permit a non-stop trans-Atlantic hop. -On the way back, however; unfavourable winds are encountered normally, and stop-over is necessery.—Havas. the war.
The important fact is that since the war in Poland there have been no important military operations and therefore Germany was able to keep her consumption of oil down to a minimum.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.