Henry Morgenthau, announced here to-day that the Treasury Department would carry out March 15 financing without seeking any new money, He said he felt the Government's cash position was favourable at present.—United Press, London, Mar. 1.
Torpedoes are to be abolished as an item of armament in British capital ships, according to the Naval Correspondent of the "Daily Telegraph" in an article to-day.
This reform, he says, has long been urged by a majority of Naval officers, who regard the torpedo as a useless encumbrance in warships above the cruiser category.
"The first British battleships to be designed without torpedo armament," declares the correspondent, "are five vessels of the King George V class now being built.
"The torpedo tubes," he adds, "are being removed from the older ships as they are being refitted. The torpedo, however, is still considered a very potent weapon in smaller craft, end, whereas our pre-War destroyers were mounted with only four tubes, the latest British vessels have ten.
'American destroyers," the correspondent points. out, "carry a record number of sixteen torpedoes.'
A two-pounder pompom gun, capable of firing a 100 rounds a minute, the correspondent continues, has been produced as an answer to the menace of the swiftly-diving or gliding, low-flying enemy aircraft.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.